US EditionR6 Diesel Hike Now on the Cards: Latest Fuel Price Prediction for April
Fuel prices in South Africa may rise by up to R6 per litre for diesel, driven by Middle East conflict and lack of local pricing reform, warns Misa.
6 Articles
6 Articles
April fuel price forecast gets worse and WORSE
South African motorists could be facing a significant fuel price increase in April after the latest data from the Central Energy Fund (CEF) showed steep early-month under-recoveries linked to rising global oil prices. According to the CEF’s fuel price snapshot as of Tuesday, 10 March, petrol prices are currently showing an under-recovery of up to R3.52 per litre, while diesel is sitting even deeper in negative territory at around R6.00 per litre…
Misa raises concerns over possible record petrol price hike in SA
While the Middle East war is about to rocket fuel prices to record highs, the Motor Industry Staff Association (Misa) says it is deeply concerned about the possibility of another fuel price increase as a result of the conflict in Iran. The United States (US) and Israel’s Middle East war is expected to drive petrol prices up by about R4 a litre and diesel by about R6 a litre, with concerns that if the conflict drags on, South Africa could even fa…
Record Fuel Price Hike Looming For April As Middle East Tensions Rock Oil Markets
South African motorists, especially transport operators, may soon be facing one of the biggest fuel price shocks in recent memory. Early projections suggest diesel and petrol prices could surge dramatically in April if current global oil trends continue. The spike comes as tensions in the Middle East escalate around the Strait of Hormuz, a critical maritime passage through which roughly 20 percent of the world’s oil supply moves. Following repor…
R5+ fuel price shock on the cards for April
War. War never changes. But petrol prices do, and will, if the latest fuel price snapshot from the Central Energy Fund (CEF) is anything to go by. Judging by the company’s history of accurately forecasting South Africa’s fuel price adjustments, we should probably mention that the latest predictions don’t look pretty. For anyone. Diesel drivers, in particular, are facing a rather hefty hike, currently in the ballpark of R5/l. Petrol drivers won’t…
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