Motorists expecting reprieve at the petrol pumps in April are set for misery based on the latest report by the Central Energy Fund (CEF). 💵
“This puts pressure on emerging markets. As the market follows the US Dollar, it is usually the market EM that loses its shine, and this case is no different.”A contributing factor that could lead to the final price being higher come next month, is the reported adjustments in the fuel price levy. Thein a statement last month described it as a shock many South Africans are unable to afford.
“Consumers can simply not afford any more price shocks and considering the impending 18.65% increase to electricity rates, an increase to the levies will deal a massive blow to personal finances,” the AA said in a statement. “Consumers continue to be extremely embattled and increases to the two fuel levies will be counter-productive, are ill-timed, and have disastrous outcomes for millions of people already struggling to make ends meet,” it said.
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