Petrol and diesel to cost almost 75% more than just two years ago.
South Africa is in the midst of an energy crisis with Eskom blackouts on the one end and the price of fuel rocketing on the other. After this week’s suffocating increase, consumers will be paying almost 75% more for fuel than in 2020. From tomorrow, the pump price for 95-octane petrol is expected to rise by another R2.57 per inland litre to R26.74, while diesel climbs by R2.30 a litre. Illuminating paraffin will jump by R1.66.
From tomorrow, the pump price for 95-octane petrol is expected to rise by another R2.57 per inland litre to R26.74, while diesel climbs by R2.30 a litre. Illuminating paraffin will jump by R1.66. Seventy-five cents of the increase will be relieved by a halving of the fuel levy for July. Eskom’s current financial state is no secret and consumers will have to pay for that, too, either via tax, or calamitous hikes in the unit cost of electricity later this year.
Yet the Automobile Association said that if the Russian war in Ukraine was not resolved soon, the economy might be in for a further hammering. The AA also said: “In addition to the increases to the basic fuel prices, the R1.50 relief off the general fuel levy given by the government for May and June was halved for July, which adds to the increases.
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