Automobile association aa
General fuel levy cut to cushion latest petrol price hike
Both grades of petrol will go up again, with 93 octane set to increase by 28 cents a litre and 95 octane by 36 cents. But this is still significantly lower than...
Transport Minister Fikile Mbalula has remained steadfast that the grace period will not be extended beyond the end of March.
Fuel prices will hit record highs this week, with both grades of petrol increasing by R1.46 cents for a litre. Diesel will go up by between R1.44 cents and R1.48 cents a litre while illuminating paraffin increases by R1.21 cents a litre.
The AA said that the judgment vindicated its position stated over many years that the Aarto Act was drafted without sufficient care.
From the stroke of midnight, the price of 93 octane will decrease by 71 cents a litre, 95 octane is going down by 68 cents and you'll have to fork out about 68 cents less for diesel.
The fuel price hikes announced by the Department of Energy on Monday night would be disastrous for fuel users and consumers across the board, said the Automobile Association.
The warning was based on the data from the recent exchange rate and commodities.
Thousands of motorists have been fighting an uphill battle just to renew their licences, with corruption, terrible services and red tape causing massive backlogs.
The Automobile Association has predicted a significant rise in the price of petrol, diesel and illuminating paraffin month-end.
This comes after Gauteng MEC for Transport, Jacob Mamabolo announced on SAfm on Thursday morning that e-tolls were a thing of the past. However, the Transport Department responded by saying that there had been no formal decision yet.
The AA's Layton Beard said that the expected reduction for petrol would come as a welcome relief for road users.
The association has called on government to provide a clear way forward for Gauteng road users regarding the highly contested tolling system.
It said that while the rand had managed to advance against the US dollar, it had not been enough to offset the gains made by oil over the past few weeks.
The Automobile Association (AA) says motorists should not be penalised for their expired licence discs considering the ongoing challenges at licensing centres countrywide.
The association said that due to the retreat in oil prices, 95 octane petrol was expected to drop by around four cents a litre, with diesel down by 19 cents and illuminating paraffin by 24 cents.
The AA has predicted a drop in fuel prices next month, but it says the marginal decrease depended on whether the rand can hold its own against the dollar.
The AA is predicting petrol will be going up by between 9 and 16 cents a litre next month while you might have to fork out 48 cents more for diesel.
This comes off the back of welcomed price decreases during the first few months of lockdown which saw the price hit records last seen many years ago.
The AA's Layton Beard said while the fuel demand remained historically low due to the COVID-19 pandemic, it's expected to surge as global economic activity resumes.