Motorists can expect steep increases for all grades of fuel when prices are adjusted in September.
The latest unaudited Central Energy Fund Data shows that petrol is currently facing the prospect of increases of between R1.41/litre (for ULP93) and R1.45/l (for ULP95), while diesel could climb by as much as R2.60/l and illuminating paraffin by R2.55/l.
These increases will mark the highest prices since December last year if implemented.
Projected prices will translate to a price point of around R24.28/l for ULP95 users in Gauteng, and it will cost about R1335 to fill a 55-litre car.
Filling the same car at the coast will cost around R1311.
Commenting on the data, the Automobile Association (AA) said the expected price increases would exert pressure on already struggling motorists and consumers.
“These surges in prices will pile pressure on all diesel users, but particularly large users in the agricultural, retail, manufacturing and retail sectors.
Consumers should brace for increases at the till as costs are recovered through higher prices,” warns the AA.
Fuel prices in South Africa are driven by two main factors: international oil prices, and the exchange rate between the rand and the US dollar.
A weaker rand means fuel gets more expensive. Oil prices have risen in recent weeks because some producers have cut production due to weakened global demand.
“Naturally we are all looking at ways to manage expenses and as fuel remains an integral part of many budgets, it’s difficult to avoid paying the higher prices. Our advice is to ensure your vehicle is in good mechanical condition, and that the tyres of the car are properly inflated. Avoiding heavy traffic, not overloading the vehicle, and minimising driving are other tips that may help,” AA said.
The Department of Mineral Resources and Energy is expected to announce the fuel price changes on Monday, September 4 ahead of the adjustment at midnight on September 6.
“We must also note that this is mid-month data, and the prices may vary before the official adjustments, but the current outlook is certainly pointing to significant increases at that time,” the AA said.
