Pixabay
Pixabay
Motorists are set to see a hike in petrol prices once again next month after June set the record for the most expensive fuel costs seen in South Africa.
As it stands, a litre of petrol costs an average of R15.50. The price is set at R15.20 for regions on the coast, but R15.79 inland. It’s more expensive due to the cost of transporting fuel from the docks.
The AA now predict that there’ll be more misery at the pumps for South Africans in July, though. It seems one record-high price hike just isn’t enough.
Their current data – which is supplied in conjunction with the Central Energy Fund (CEF) – suggests a 32-cent rise is on the cards across the board, taking a litre of petrol up past the R16 mark for some long-suffering drivers.
Petrol prices: Predicted increases for July 2018:
- Petrol will rise by 32 cents.
- Diesel is set to increase by 30 cents.
- Illuminating paraffin will be 22 cents more expensive.
The motoring organisation blame the rand’s recent weak performance for the hikes, as global oil prices begin a slight decline. South Africa has lost ground on many foreign currencies recently and it will cost the public dearly.
Why are petrol prices rising in South Africa?
As explained by the AA, things could have been even worse for the country:
“Since the start of June, the Rand has steadily weakened against the US dollar, with the average cost per dollar having climbed from around the R12.50 mark to nearly R13.00. Fortunately, international oil prices retreated over the same period, and have had a very small impact on the figures.”
“Almost all of the increase is due to Rand weakness and the picture would have looked very much worse if international oil prices had not come down over the past two weeks.”
“We once again advise all motorists to avoid unnecessary journeys, make use of carpooling, and practice economical driving techniques.”
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