Oh no, not again! Fuel prices will be facing a massive increase from Wednesday, 2 March 2022 – here’s how much more you will pay per litre in South Africa…
The Department of Energy confirmed the bad news for all South Africans… a huge soar in the cost of petrol this March!
This was confirmed on IOL website with the publication detailing the increase in prices for petrol and diesel. These ne prices will be effective from this Wednesday, 2 March.
95 Unleaded will be increasing by R1.46 per litre!
Bringing the new cost to R20.88 at the coast and R21.60 inland per litre. While 93 Unleaded will now retail at R21. 35. Diesel increased by for pretty much the same hike in the price, up by between R1.44 (500ppm) and R1.48 (50ppm).
Owners of a Bakkie or a SUV you will be effected the most by this sudden increase. A 75-litre diesel refuel will cost R111 more than it did in February!
“These increases will certainly impact on every single South African given the reliance the country has on fuels for transportation, manufacturing and in the agricultural sector,” The Automobile Association confirmed.
However, this may come as a surprise to millions of South Africans. We were not expecting such a rise in fuel prices any time soon.
This, after the Minister of Finance informed their would not be an increase in their fuel taxes in the 2022/23 period. However, there is some good news….
“One silver lining, though, is that any potential increases will not be combined with increases to fuel taxes as the Minister of Finance earlier this week announced the General Fuel and Road Accident Fund levies will not increase this year,” AA added.
Fingers crossed that they do not increase again in April!