for subscribers

SA motorists could be in for another rollercoaster year - AA

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

 Cape Town - South African motorists had a rollercoaster year in 2016 and a sharply lower rand in a strengthening oil price environment could make for eye-watering fuel prices, the Automobile Association (AA) said on Thursday.

South African motorists were already hit hard  at the start of the New Year with the latest petrol and diesel price hikes. The retail price of petrol (93 octane) increased by 50 cents per litre and that of 95 octane by 48c/l.

The wholesale price of diesel - 0.05% sulphur and 0.005% sulphur - went up by 39c/l and 39c/l respectively, while the wholesale price of illuminating paraffin increased by 43c/l.

The Department of Energy said the economic factors which impacted fuel prices include an increase in average international product prices of petrol, diesel and illuminating paraffin.

The AA considers the major domestic risk the perceived abuse of state institutions for personal gain by senior government figures.

Political scandals

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.44
(+0.16)
ZAR/GBP
22.74
(+0.41)
ZAR/EUR
20.57
(-0.18)
ZAR/AUD
12.50
(-0.01)
ZAR/JPY
0.16
(+0.59)
Gold
1914.72
(+0.48)
Silver
25.45
(+2.51)
Platinum
928.99
(+0.92)
Brent Crude
44.46
(-1.09)
Palladium
2134.99
(+2.60)
All Share
57417.28
(+0.44)
Top 40
53126.54
(+0.56)
Financial 15
10139.85
(-0.74)
Industrial 25
76210.18
(+0.91)
Resource 10
58992.57
(+0.54)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 976 votes
It depends on how the funds are used.
74% - 6473 votes
No. We should have gotten the loan elsewhere.
15% - 1342 votes
Vote