Check out market updates
South African motorists May be in for an early Christmas present at the pumps in December, with the latest data forecasting a R1.50 petrol price cut. Based on the mid-month data published by the Central Energy Fund, movements in the petrol price currently show an over-recovery of 151 cents and 154 cents for 93 and…
The Slate Levy increase, which will take effect on 7 November, will account for 21.92 cents per litre. While most South African motorists have escaped increase in petrol prices in November, the government’s plan to raise the fuel levy has garnered staunch criticism. After much speculation, and seven consecutive petrol price increases, the Minister of…
Announcement The Department of Energy has published the fuel price adjustments for November 2018 – announcing no changes to petrol prices, with another nasty hike for diesel. According to the department both grades of petrol (93 and 95) will see no increase of decrease, while diesel will be going up by between 48 and 51…
Another increase in fuel prices expected in November Further substantial fuel price hikes are lined up for the end of October. This is according to the Automobile Association (AA), which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund. “International oil prices remain stubbornly high and it is possible that…
Price Increase Expected The petrol price is expected to increase by around R1.20-R1.30 per litre in October 2018, with additional increases expected in November and December. Economist Dawie Roodt said it was highly unlikely that this petrol price increase is based on the existing formula used by the energy department to calculate under or over-recovery….
Fuel Price Increase The newly formed People Against Petrol and Paraffin Price Increases (Pappi) has vowed to intensify its fight against the fuel price increase. The vow comes ahead of predictions that the fuel price could increase by more than a rand a litre next month. “South Africans are reeling from catastrophic hikes almost every…
Biggest Petrol Price Hike In SA’s History “Mid-month unaudited data from the Central Energy Fund (CEF) is predicting the biggest petrol diesel price hike in South Africa’s history by some margin,” reports the Automobile Association (AA) which has monitored the fuel price data from 1 September to date. The AA said: “A spike in international…
Under-recovery for unleaded 95 petrol was R1.11 in the first 10 days of September, the CEF says, but analysts say a stronger rand may be on the way. The Central Energy Fund (CEF) said on Tuesday that a weaker rand and a higher international fuel price hike led to more than an R1 under-recovery for…
Petrol Price Hikes South African motorists should gear themselves up for more petrol price pain in September, as the weakening rand is set to lead to a sizeable jump at the pumps next week. According to the Automobile Association (AA), citing the latest data from the Department of Energy’s Central Energy Fund, petrol prices are…
How rising fuel prices are affecting driver habits and crushing service stations – as R20 per litre is forecast According to Lightstone and Tracker As per new data from Lightstone and Tracker shows how rising fuel prices have impacted driver behaviour in South Africa – with economists forecasting worse conditions in 2019. Some economists have…
