Automobile association aa
AA predicts substantial fuel price increase for January
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.
Oil prices suffered a historic collapse late Sunday after Saudi Arabia shocked the market by launching a price war against one time ally, Russia.
Tito Mboweni is set to deliver his second Budget Speech on Wednesday in Parliament, where he will announce - among other things - any increases that will affect the public.
Motorists in the Western Cape can expect a slight drop in the price of 95 octane petrol based on current data. Diesel, 93 octane petrol and illuminating are expected to increase.
While 95 ULP and LRP petrol is expected to climb by 10 cents a litre, while diesel increases by 25 cents a litre, however, 93 ULP and LRP petrol users can expect to pay 3 cents less for a litre of fuel.
The association said it expects petrol to decrease by 90c per litre, while diesel and illuminating paraffin could go down by 70c and 62c respectively.
The Energy Department announced that all grades of petrol will increase by 54 cents. Diesel and illuminating paraffin will go up by 1 cents and 3 cents per litre, respectively.
South Africa is in for another shock with the petrol price expected to go up by 56 cents a litre next month. Diesel, however, could decrease by 5 cents per litre and illuminating paraffin could go down by one cent.
From Wednesday, the price of petrol will increase by up to R1.34 per litre.
The Automobile Association (AA) is predicting an increase of up to R1,18 for petrol and R0.90 more for diesel in April.
Motorists could be expected to pay an additional 98 cents per litre in April - bringing the cost to R15,80 cents for a litre of fuel.
From Wednesday morning, motorists are paying 7 cents more for a litre of 93 and 95 octane.
The Automobile Association (AA) says a further drop is on the cards, according to the unaudited mid-month fuel price data released by the Central Energy Fund.