Price of petrol and diesel in April 2024. Image: Stock/Canva
The AA warned that the price of petrol and diesel is expected to INCREASE in early in February. Here is the latest.
Price of petrol and diesel in April 2024. Image: Stock/Canva
The price of petrol and diesel is expected to INCREASE in February.
February’s petrol price changes will kick in two weeks from now, on the 7 February 2024.
The Automobile Association (AA) said consumers can expect a slight increase of about 11c/l for ULP95, 14c/l for ULP93, and 9c/l for diesel. Illuminating paraffin is showing a slight decrease of about 3c/l.
“The weaker rand to US dollar exchange rate is contributing most to the expected increases in fuel, even if it is by a small margin.”
The AA furthermore said the more stable international oil prices are, however, having the reverse impact, resulting in lower illuminating paraffin prices.
AA has advised motorists to add a little extra to their fuel budgets for February.
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On 3 January, South African motorists welcomed the new year with good news when the retail price of 93 unleaded petrol decreased 62c/l, while 95 unleaded dropped 76c/l.
Wholesale diesel prices decreased R1.26/l for 0.005% sulphur and R1.18/l for 0.05% sulphur. Illuminating paraffin saw a reduction of R1.24/l.
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MasterDrive CEO Eugene Herbert said basic driving adjustments could help with petrol and diesel consumption: