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High oil prices have seen rising petrol prices globally, and for already cash-strapped South African motorists, there appears to be no end in sight.
All grades of petrol and diesel will climb by up to R1.34c/l come Wednesday April, 3.
South African motorists will be paying 74 cents more per litre of petrol and between 91 and 93 cents more per litre of diesel from Wednesday.
Not having a currency of its own hasn’t stopped Zimbabwe from sliding into a currency crisis, as a scarcity of foreign exchange has led to long queues for petrol, bread and medicines.
The rand has dropped considerably over the past month which will make fuel more expensive in November, the AA has warned.
Taxes make up a big part of the price you pay for petrol. Have a look at this infographic to see exactly where your money goes.
Meat prices are expected to increase, despite an overall declining trend in food inflation.
Despite the rand's gradual appreciation against the dollar, further fuel price hikes are likely at the end of October, warns the Automobile Association.
Motorists can likely expect another petrol price increase, following a bumper hike last month, according to the Automobile Association.
Motorist will be paying less for petrol in March, while the price of diesel will increase, according to the Department of Energy.
Although petrol and diesel costs will be dropping for the first time in six months, consumers have little to celebrate as electricity tariffs start to kick in from Monday July, 1.
The association was basing its projections on unaudited mid-month fuel price data released by the Central Energy Fund, and announcement by the finance minister in his February Budget.
The AA said the projected drop in the price of petrol, diesel and illuminating paraffin was due to international oil prices being lower than December’s average, and a strengthening in the rand/dollar exchange rate.
Fuel prices are now at a record high in South Africa. Here's a look at how the price of fuel has increased this year.
Yet another steep petrol price hike is likely on the cards this month, warns the Automobile Association.
Fuel prices for April are expected to be lower than in March, even accounting for the rise in fuel taxes which takes effect at month-end, says the Automobile Association.
SA motorists had a rollercoaster year in 2016 and certain factors could lead to a repeat this year, cautions the Automobile Association.
The spokesperson for the AA South Africa says the weak rand could mean bad news for fuel prices even if global oil demand diminishes.
Up to 37% of the costs in the petrol price is allocated to different government levies, according to a breakdown of the fuel price by the Automobile Association.
The Department of Energy has announced some fuel price decreases for November, which could bring welcome relief for households.
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