SOUTH AFRICA - MOTORISTS BRACE YOURSELVES AS FUEL PRICE MAY BE SET TO INCREASE BY 60 CENTS IN APRIL

Petrol price is likely to increase by around 60 cents a litre in April, while diesel could rise by almost R1, the Automobile Association (AA) said.

The iol reports that the AA’ s Central Energy Fund shows that the basic price of petrol is likely to rise by between 31 and 35 cents a litre, while the diesel price looks set to increase by around 60 cents. On top of that, the government’s Fuel Levy is set to increase by 30 cents a litre from the beginning of April, meaning that diesel could go up by almost R1 a litre.

The AA said that gains in the international oil prices were the biggest factor in the fuel increase.

“Although the average rand/US dollar exchange rate has continued to retreat since the beginning of the month, this positive factor has been overcome by the renewed uptick in oil prices,” the AA said.

VIA - sabreakingnews.co.za