Petrol and diesel prices are set for another increase in October according to unaudited data from the Central Energy Fund.
The data suggests potential rises of approximately R1.20 per litre.
It’s not sure what the possible split between 93 and 95 will be for petrol.
The expected increase for diesel is R2 per litre.
The increases come after punishing fuel price hikes in September.
If these predictions are correct, South Africans will be paying about R25 per litre for unleaded petrol at the coast and about R25.74 inland.
The increases are mainly driven by higher international oil prices.
Considering that the predicted price increase for diesel is R2 per litre, consumers are in for a series of price shocks as the year edges closer to the festive season.
Out of operational necessity, transporters have no option other than passing rising running costs onto the man on the street.
Various civil society organisations have warned that household income is begin pushed closer to the brink.
From different quarters the government of President Cyril Ramaphosa have been urged to reassess levies imposed on the price of fuel, a localised price dynamic that m,any say could be avoided.
The two biggest levies that make up South Africa's fuel price are the General Fuel Levy (GFL) and the Road Accident Fund (RAF) levy.
As of May 2023, the GFL is R3.96, which represents around 17% of every litre of petrol sold in South Africa.
The RAF levy is priced at R2.18 a litre, which represents approximately 11% of every litre of fuel sold.
Combined, the GFL and RAF levy constitute R6.14 of every litre of petrol sold in the country.
