Showers early. More sun than clouds. Cool.
Petrol prices have increased by 15% so far this year.
Weakness in the rand is expected to drive a fuel price spike in September, the Automobile Association has said.
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.
As from Wednesday, petrol will be increasing by 11c per litre for both 93 and 95, while diesel will be increasing by 26c per litre, Minister of Mineral Resources and Energy Gwede Mantashe has said.
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.
Western CapePlacement Point (Pty) Ltd
Cape TownTumaini ConsultingR720 000.00 - R960 000.00 Per Year
Cape TownProfessional Career ServicesR10 000.00 - R12 000.00 Per Month
R 3 300 000
R 2 650 000
R 3 700 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.