Confirmed: Big Diesel, Petrol Price Hikes Despite Levy Relief

Confirmed: Big diesel, petrol price hikes despite levy relief

The Iran war has pushed fuel prices higher, with the average Brent crude oil price increasing from $93.67 a barrel to $101 over the past month. The closure of the Strait of Hormuz and damage to key infrastructure are throttling fuel supplies.

Here's how much less fuel SA is using and how much the country has in reserve

Data collected by a premium private insurer has illustrated the infrequency with which South African motorists are visiting the petrol pumps. The country’s drivers will again be hit with a petrol increase north of R3, with diesel going up by a further R6 and some change on Wednesday. Based on telematics and fuel reward card swipes by more than 200 000 clients, Discovery Insure has revealed a drastic drop in fuel spending. However, analytics show…

SA petrol price to surge 14% to almost record high on Wednesday

These additional costs will flow through the pumps of the economy and further fuel inflation, raising the prospects of the South African Reserve Bank (Sarb) hiking rates as early as its next scheduled Monetary Policy Committee (MPC) meeting later this month.

May fuel price: Here’s what you’re likely to pay for petrol and diesel from Wednesday

Fuel prices are set to spike sharply in May, with petrol and diesel increases looming and further pressure expected in June as tax relief is phased out.

May Fuel Price Heres What Youre Likely To Pay For Petrol And Diesel From Wednesday : The Africa

Fuel prices are set to spike sharply in May, with petrol and diesel increases looming and further pressure expected in June as tax relief is phased out.