Petrol price increase kicks in tomorrow and affects the festive season

VAAL TRIANGLE - Vaal Triangle and other SA motorists are facing a fuel price increase just as the festive season is kicking into gear. The Department of Petroleum and Mineral Resources has published the official fuel price adjustments that will take effect tomorrow, 4 December 2024. November saw both the global price of diesel increase and the rand come in weaker relative to October, leading to an under-recovery in both petrol and diesel prices. This has translated to a price hike at the pumps, marking the second consecutive month of increases. Fuel prices will be going up by 17 cents per litre for both 93 and 95 petrol, and between 54 and 55 cents per litre for diesel. Union Giwusa says there seems to be no end to the volatility of oil prices. Giwusa’s spokesperson, Koketso Phasha, thinks that motorists will have a bleak festive season.

PHOTO: (Supplied)