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Petrol and diesel prices still increasing at midnight despite government reprieve

VAAL TRIANGLE - Motorists will pay 28c more for a litre of 93-octane and 36c more for 95-octane petrol from tonight at midnight. The Department of Mineral Resource and Energy says there are several reasons for the fuel hikes which include the increase in crude oil prices and trends in the exchange rate. The department adds there is also a shortage of diesel, which is due to lower exports from Russia as a major exporter of distillate fuel at discounted prices. Diesel is thus expected to increase with between R1.52 and R1.69 per litre, while Illuminating Paraffin will increase by R2.66 per litre.

Meanwhile, the AA’s Layton Beard says the R1.50 reduction on the General Fuel Levy announced by the Minister of Finance last week is welcome and will take some pressure off embattled consumers. However, the AA says fuel price increases for April announced yesterday will still keep fuel prices at record high levels and will add financial pressure on all South Africans.

PHOTO: (Supplied)


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