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Mixed picture as fuel set to rise

Dec 7, 2020 | Press releases

Across-the-board losses from the exchange rate are set to hit fuel consumers at the end of October

The landed price of petrol actually dropped by around 18 cents a litre in October, while the landed price of diesel showed a slight increase of five cents. But, the Rand slipped around 22 cents to the US dollar, meaning all grades of fuel will be more expensive in November.

Petrol will rise a modest four cents a litre, but diesel users will pay up to 26 cents more, with illuminating paraffin set to rise by 18 cents.

We expect that impact to immediately start feeding into the next month’s fuel price calculations, meaning South Africans should prepare for further fuel price hikes before Christmas.

Fuel prices have not yet felt the full effect of the Rand’s weakening in the wake of Finance Minister Malusi Gigaba’s Medium Term Budget Policy Statement

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Media

Mixed bag of fuel prices to end off the year – AA

South African motorists can expect a mixed bag of fuel price adjustments in December. The Automobile Association (AA) says current unaudited data from the Central Energy Fund (CEF) indicate a slight reduction in petrol prices, and more substantial increases to diesel and illuminating paraffin prices. Based on the CEF’s data, ULP95 is expected to reduce by approximately five c/l, while ULP93 is set for a reduction of approximately 16c/l. Diesel is expected to increase by between 40c/l and...
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Blue Light behaviour a shameful blight on SA roads

The presence of Blue Light Brigades appears to be increasing with these high-speed motorcades now an almost daily occurrence on Gauteng highways. The Automobile Association (AA) says Blue Light Brigades pose a threat to road users, particularly as drivers in the vehicles transporting politicians and behave aggressively towards other motorists. “The vicious assault on three drivers on the N1 highway in Fourways, Johannesburg in 2023 is a good example of how ‘protection officers’ in the...
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Fuel good times set to end in November

The five-month trend of fuel decreases is set to end in November according to the Automobile Association (AA). Commenting on unaudited data from the Central Energy Fund (CEF), the AA says it expects the first fuel price increase since May in November as a result of higher international product prices and a steady softening of the Rand against the US Dollar.   According to the CEF’s figures, ULP95 is expected to be slightly higher by around 14 cents a litre, while ULP93 is set for an...
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