South Africa
Levies add to April hikes─── 09:47 Sat, 16 Mar 2019
Consumers should brace for a possible increase in the basic fuel price in April of 98 cents per litre for petrol, 70 cents per litre for diesel and 63 cents per litre for illuminating paraffin.
Fin24 reports that this is according to the Automobile Association (AA) in a statement released Friday.
The AA warned that the expected rises would be higher when hikes in fuel levies, announced by Finance Minister Tito Mboweni in February, are factored in.
It said that its outlook for April sees petrol increasing by R1.18 a litre and diesel by 90 cents a litre when the levies are included.
The current inland price for a litre of 95 octane unleaded petrol is R14.82. If the R1.18 rise per litre of petrol goes ahead in April, this will rise to R16.00.
The association based its projections on the unaudited mid-month fuel price data released by the Central Energy Fund (CEF).
