Johannesburg - South African motorists should brace for more fuel price increases in the coming months.
Not only are higher international oil prices and a weakening rand putting pressure on the fuel price equation, but fuel taxes are also set to rise from April.
During his 2019 Budget Speech, delivered on Wednesday, Finance Minister Tito Mboweni announced that fuel levies would increase by 29 cents a litre in the case of petrol and 30 cents a litre for diesel.
The hikes will however be implemented in stages, with the first 20 cents coming into effect from the beginning of April, this being a combination of a 15 cent hike in the general fuel levy and 5 cents for the Road Accident Fund. The remaining 9 cents a litre for petrol and 10 c/l for diesel will only come into effect in June as a carbon tax.
R15 a litre is not far off