Home Mzansi News Brace for a massive fuel price increase

Brace for a massive fuel price increase

Car refueling on a petrol station.

Brace for a massive fuel price increase

Brace for a massive fuel price increase from Wednesday.

This comes hot on the heels of a second week of Stage 6 power cuts. Petrol is going up by a whopping R2.37 a litre for 93 octane while 95 octane will rise by R2.57.

Diesel is going up by between R2.30 and R2.31. Illuminating paraffin is also going up by R1.66 a litre.

The government says the main reasons for the increase are rising crude oil prices, the rand/dollar exchange rate and the addition of levies that were halted as short-term relief measures to address fuel price increases.

According to other sources in southern Africa, fuel price increases have also been affected by the ongoing Ukraine – Russia war.

In our neighboring country Zimbabwe has also increased prices, Diesel now costs US$1.88 (Rand30.63), while the price of petrol (Blend – E15) has been increased to US$1.77 (Rand28.84) per litre.

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Source | eNCA

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