Automobile Association says petrol, diesel and illuminating paraffin will be more expensive in February, putting more pressure on cash-strapped South Africans
26 January 2023 - 13:51
byMotoring Reporter
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Fuel prices across the board are set to increase in February, says the Automobile Association (AA).
Commenting on unaudited data from the Central Energy Fund, the AA says petrol, diesel and illuminating paraffin will be more expensive in February, adding more financial strain to already-cash-strapped South Africans.
The latest data shows an increase of about 52c/l for 95 ULP petrol and about 57c/l for 93 ULP petrol, and increases of between 22c/l and 33c/l for diesel. The price of illuminating paraffin will climb by about 38c/l.
“The data is showing price increases to international petroleum products are the main driver behind this expected increase to local fuel prices, while the strength of the rand against the dollar is limiting these increases by between 10c and 14c on all fuels,” the AA said.
“Increases in fuel prices now, when South Africans are grappling with, among other things, financial pressures and rolling blackouts, is unwelcome. We again urge the government to revisit the fuel pricing structure to find ways to mitigate against this and other possible increases in future.”
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
AA warns of across-the-board fuel price increases
Automobile Association says petrol, diesel and illuminating paraffin will be more expensive in February, putting more pressure on cash-strapped South Africans
Fuel prices across the board are set to increase in February, says the Automobile Association (AA).
Commenting on unaudited data from the Central Energy Fund, the AA says petrol, diesel and illuminating paraffin will be more expensive in February, adding more financial strain to already-cash-strapped South Africans.
The latest data shows an increase of about 52c/l for 95 ULP petrol and about 57c/l for 93 ULP petrol, and increases of between 22c/l and 33c/l for diesel. The price of illuminating paraffin will climb by about 38c/l.
“The data is showing price increases to international petroleum products are the main driver behind this expected increase to local fuel prices, while the strength of the rand against the dollar is limiting these increases by between 10c and 14c on all fuels,” the AA said.
“Increases in fuel prices now, when South Africans are grappling with, among other things, financial pressures and rolling blackouts, is unwelcome. We again urge the government to revisit the fuel pricing structure to find ways to mitigate against this and other possible increases in future.”
TimesLIVE
Most grades of fuel expected to rise in February
EDITORIAL: Solid cases for 50 and 25 basis point hikes
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