Following a brutal spate of fuel price increases this year, there should be no major shocks at the pumps in September. Here’s what to expect:
"Oil fell throughout the first week in August, flattened out, and subsequently fell further. If this trend is maintained, there is a possibility of price decreases for all fuel grades by month end. This would bring some welcome relief after last month's heavy increases," the AA said.
However, the association warned that the rand was trending slightly weaker and that this could weigh down on the fuel price equation between now and the end of the month.However, even a slight decrease across the board will be of little consolation to motorists, with both grades of petrol having increased by 91 cents per litre at the beginning of August and diesel by 55 cents. This means that South Africans now pay R17.58 for a litre of 95 Unleaded petrol at the coast and R18.
Petrol prices have increased by more than 20 percent since January 2021, and the current taxation structure is not helping, with levies currently accounting for R6.11 per litre. This also means that fuel is significantly more expensive than in many neighbouring countries.
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