SIGNIFICANT fuel increases expected this week

SIGNIFICANT fuel increases expected this week Photos: Stock/ Canva

Time to fill up: MASSIVE petrol price hike TOMORROW

The Department of Mineral Resources and Energy announced a MASSIVE petrol hike on Wednesday. It is time to fill up.

SIGNIFICANT fuel increases expected this week

SIGNIFICANT fuel increases expected this week Photos: Stock/ Canva

The Department of Mineral Resources and Energy announced the official fuel price adjustments for March 2023.

IT IS TIME TO FILL UP – THE MASSIVE PETROL HIKE COMES INTO EFFECT TOMORROW

Petrol and diesel prices will increase in March by 127 cents and 30 cents per litre, respectively.

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The changes come into effect from Wednesday, 1 March 2023.

HERE ARE THE OFFICIAL COASTAL PRICES:

CoastalFebruaryMarch
95 PetrolR21.03R22.30
93 PetrolR20.73R22.00
0.05% diesel (wholesale)R20.67R20.97
0.005% diesel (wholesale)R20.77R21.08
Illuminating ParaffinR15.05R15.18
LPGAS (p/kg)R30.87R36.10

HERE ARE THE OFFICIAL INLAND PRICES:

InlandFebruaryMarch
95 PetrolR21.68R22.95
93 PetrolR21.38R22.65
0.05% diesel (wholesale)R21.32R21.63
0.005% diesel (wholesale)R21.41R21.72
Illuminating ParaffinR15.84R15.97
LPGAS (p/kg)R33.46R38.68

WHY IS THERE A MASSIVE FUEL HIKE?

The department said in a statement that petrol prices are increasing at a higher rate than diesel because of lower inventory levels globally and closures of refineries in some countries for seasonal maintenance. The impact of the EU sanctions on diesel imports from Russia was already priced in, it added.

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Masterdrive CEO Eugene Herbert shared some proven techniques to save on petrol. 

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HOW CAN YOU SAVE FUEL?

Techniques such as defensive driving, not speeding, anticipating traffic conditions, avoiding reckless driving and planning routes are the best way to get results.

  • Watching 12 seconds ahead as you drive
  • Reducing speed by 20km/h
  • Use traffic apps and alerts to avoid congestion
  • Keep your rev counter around 3 000rpm when driving
  • Regular maintenance
  • Remove unnecessary items from your car

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