Consumers in South Africa said basic fuel prices could increase by 70 cents per liter of gasoline, 70 cents per liter of diesel and 63 cents per liter of paraffin lighting in April, according to the Automobile Association (AA). Friday.
The AA warned that the expected rate of increase would be higher when the fuel price hike announced by Treasury Secretary Tito Mboweni in February is taken into account.
It said its forecast for April saw gasoline increasing by R1.18 liters and diesel by 90 cents per liter when levy is included.
The current inland price of 1 liter of 95 octane unleaded gasoline is R14.82. If R1.18 rise per liter of gasoline is advanced in April, it will rise to R16.00.
The association predicted based on the unaudited mid-term fuel price data released by the Central Energy Fund (CEF).
Oil and Land
According to the CEF analysis, international oil prices are expected to contribute 73 cents per liter to the expected increase in gasoline.
Movement of the land exchange rate. Meanwhile, it is expected to contribute 23-26 cents per liter to the expected increase.
"When fuel prices were proposed as a way to fund the road, the government insisted that it was anti – poor," but the fuel levy has increased by almost 22 percent over the last three years. At the Zondo Inquiry of Commission, motorists are just asking what this money is for. "
In early March, South African drivers had to pay 74 cents per liter of gasoline, 91 cents and 93 cents per diesel litter.