The Automobile Association (AA) says huge fuel price increases in May will set motorists reeling."Fuel prices in May will increase by about 49c a litre as of May 2‚" the AA said on Thursday‚ commenting on unaudited month-end fuel price data released by the Central Energy Fund (CEF).The diesel increase will be 60c‚ and 52c for illuminating paraffin.Based on these figures‚ a litre of 93 octane unleaded petrol (inland) — which currently costs R14.23 a litre — will now cost R14.72. This is 23c higher than the previous record high of R14.49 in December 2017‚ the AA said. "These increases are significant and are attributable to a weakening rand against the dollar‚ and increasing international petroleum prices."The organisation expressed its concern about the increases‚ especially those to illuminating paraffin. "Users of this fuel will be hit particularly hard as we head into the colder months [as] many households use this fuel for lighting‚ heating and cooking."The AA cautioned that the ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.