fb
AA Vehicle Rates Calculator

Rates Calculator

Roadside Assistance

Roadside Assistance

Emergency Services

Emergency Services

AA Auto Centre

AA Auto Centre

AA Financial Services

AA Financial Services

AA Travel

AA Travel

Call me backCALL ME BACK

I need help choosing a product

  • MOBILE NUMBER *
  • PLEASE SELECT A PRODUCT

South Africans can expect some relief at the pumps in August based on current unaudited mid-month data from the Central Energy Fund (CEF), according to the Automobile Association (AA).

 

The current numbers are showing 95ULP petrol down by around 90c/l, 93ULP down by around R1.07/l and the wholesale price of diesel decreasing by around 91c/l. Illuminating paraffin is also set for a decrease of about 94c/l.

 

“All of this is naturally good news for consumers and motorists and will ease some pressure on embattled budgets. We must, however, be cognisant of the fact that this is mid-month data, and that price outlook may change over the next two weeks before the August adjustment is made,” says the Association.

 

According to the data, the drop in international petroleum prices is driving the decreases but they are being offset by a weaker Rand/US dollar exchange rate, which is eroding otherwise sharply declining fuel prices.

 

These decreases will be further limited due to the return of 75c/l to the General Fuel Levy (GFL). The government has indicated that it will not alter its position that the initial R1.50 it cut from the GFL in April and May, and which was halved to 75c/s for June and July, will end in August. This means the GFL returns to its normal rate of R3.93/l in August.

 

“Given this, and based on the current data, the decreases to the prices for petrol and diesel are expected to be around 15c/l and 32c/l. Although these would be more significant if the GFL relief was still in play, a reduction is nonetheless welcome, and will ease some pressure on consumers,” the AA notes.

 

The Association further notes that despite the forecast decreases, fuel prices in South Africa remain high and that the previous sizable increases will still impact the economy in coming months.

 

“Decreases offer immediate relief but increases filter into the economy over time, especially as those sectors affected by them don’t immediately adjust their prices downward but instead wait for more consistent fuel cuts that lower their input costs. We stand by our call that a review of the fuel price structure, and an audit of the components that comprise the fuel price, is essential and long overdue to offer sustainable solutions that mitigate against rising fuel costs in the country,” concludes the AA.

Tools & Calculators
What is your Emergency?
The Automobile Association of South Africa

For over 90 years, we’ve provided you with roadside rescue and security, so you know you can rely on the Automobile Association day and night.

We aim to empower you as a road user and add value to your life with our products and services.

Decrease in fatalities welcome – but more needs to be done

The small decrease in the number of fatalities on South African roads between the December 2022 and January 2023 festive period and the 2023/2024 period is commendable and signals a slight improvement in road safety efforts by authorities. However, the Automobile Association (AA) remains concerned that the deaths of 1427 road users during the festive period is still too high, and that more needs to be done to effectively deal with road safety in South Africa. Transport Minister Sindisiwe...

2024 to start on positive fuel note for consumers

Despite the volatile Rand and concerns around shipping routes in the Red Sea, local fuel prices are still expected to decrease when they are adjusted by the Department of Mineral Resources and Energy next Wednesday. Commenting on unaudited data from the Central Energy Fund (CEF), the Automobile Association (AA) says the numbers are still pointing to reductions to fuel prices across the board.   According to the CEF’s figures, ULP95 petrol is expected to be lower by around 54cents a litre while...

Good fuel news for motorists to start 2024

South African motorists can expect significant fuel price reductions to kick-off 2024 says the Automobile Association (AA). Commenting on unaudited data from the Central Energy Fund (CEF), the AA says both grades of petrol, diesel, and illuminating paraffin prices are showing substantial decreases that will ease the financial pressure on consumers in January. “According to the data, ULP93 will decrease by around 68 cents/litre, and ULP95 will decrease by 82c/l. Diesel is set to decrease...