
Fuel prices
Fuel, tobacco and alcohol - Here’s how you'll be spending more
Finance Minister Tito Mboweni delivered his much-anticipated hybrid Budget Speech on Wednesday, during which he outlined how citizens would be paying more for...
Just when you thought you'd safely navigated your stressed finances through Janu-worry, February brings with it a substantial rise in fuel prices from the 3rd of the month.
From midnight on Tuesday, the price of petrol is going up one cent while a litre of diesel will cost 21 cents less.
The Department of Energy on Monday said the retail price of all grades of petrol would increase by R1.18 cents per litre. Diesel would rise by 22 cents.
Petrol will see a drop of 19 cents per litre, diesel 54 cents per litre while illuminating paraffin will go down by 91 cents per litre.
The Automobile Association on Friday said fuel prices were expected to decrease due to a steady decline in the international oil price.
Millions of people have taken to the streets in Iran, promising severe action against the US for the killing of military leader Qasem Soleimani.
Motorists will have to pay 9 cents more per litre for diesel and illuminating paraffin will increase by 5 cents per litre.
The AA based its outlook on unaudited mid-month fuel price data released by the Central Energy Fund.
The association has attributed this to a decline in international oil prices.
He was delivering the Department of Energy’s budget vote in Parliament on Thursday.
The department made the announcement on Friday evening, adding that lower oil prices contributed to the decrease.
President Donald Trump said last month Saudi Arabia and other Opec members had agreed to his request to boost oil production in order to tamp down rising prices.
A labour economist said consumers would still be hit hardest even though fuel prices were expected to remain relatively unchanged in the coming weeks.
The price of petrol will increase by 54 cents a litre while diesel and illuminating paraffin will cost between 1 cent and 3 cents per litre more respectively on 1 May.
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.
The cost of diesel will be even more dear. At midnight, the price of diesel will increase by up to 93 cents per litre.
This is the second consecutive fuel price increase since the start of the year.
The department announced on Friday the fuel price will decrease by more than R1 a litre for both petrol and diesel next week Wednesday.