A major diesel hike means consumers will have to pay more for goods and services, says the AA
Petrol is expected to rise up to 35c/l and diesel by up to 72c/l next week. Picture: FREDDY MAVUNDA
Data from the Central Energy Fund is pointing to fuel price hikes for all fuel grades on August 2 dealing another blow to cash-strapped South Africans, the Automobile Association says.But it’s the expected increases to diesel that are most concerning, says the AA.which will, effectively, mean consumers will have to pay more for goods and services down the line. Illuminating paraffin, too, is expected to increase – also by around 72c/l.
The main driver behind the expected increases is increased international oil prices. Fuel price hikes would have been worse had it not been for the rand’s recent recovery in value against the dollar.The latest hikes follow relief for owners of petrol cars at the beginning of July with petrol prices dropping between 17c/
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brace for pain at the pumps in August, warns AAUnaudited data from the Central Energy Fund is pointing to fuel price increases for all fuel grades in August dealing another blow for already cash-strapped South Africans, says the Automobile Association.
Read more »
Fuel price set to rocket in August: Here's what you could expect at the pumps from next week | The CitizenFill up while you can ⛽ fuel prices set to go up from next week📈💸Find out how much it will cost you. petrolprice fuelprice CostOfLivingCrisis TheCitizenMotoring Get all the details here⬇️
Read more »
Increased chip demand will fuel steady OSAT growth - IT-OnlineA surge in global demand for applications such as AI, high-performance computing (HPC), 5G, automotive, and Internet of Things (IoT) has fueled semiconductor supply chain expansion, according to IDC’s upcoming Semiconductor Manufacturing Services: 2022 Worldwide OSAT Market: Vendor Ranking and Insight report. The outsourced semiconductor assembly and testing (OSAT) industry grew steadily in 2022 with […]
Read more »
New Toyota Prado teased one last time ahead of August debut | The CitizenBy confirming the launch date with a new teaser image involving a 60-series LandCruiser, Toyota also provided the first undisguised hint of the newcomer that will carry the internal designation, J250. Read more here 👇
Read more »
Analysis: End of Nigerian fuel subsidy set to squeeze Europe's refinersOne of Europe's main markets for gasoline has shrunk, threatening to squeeze European refiners, after Nigeria removed fuel subsidies, which destroyed much of the country's domestic demand and a regional market for smuggled fuel.
Read more »