Another fuel hike price on the cards for March
The Automobile Association has warned motorists to expect another significant increase in the price of petrol and diesel in March.
Unaudited data from the Central Energy Fund shows an increase of more than R1.00 for both grades of petrol.
Diesel is expected to go up by R1.18 per litre while illuminating paraffin is set to increase by 63c per litre.
Spokesperson Layton Beard says the main driver behind the increases is a higher international oil price and a weaker rand.
"While the weaker rand is contributing a small margin to the under-recovery and increase to prices expected next month, the overall picture still looks bleak, and consumers will feel the pinch,”
"There is some good news for consumers, though; the two main levies on fuel – the General Fuel Levy (GFL) and the Road Accident Fund levy (RAF) will not be increasing for the third consecutive year.
“These levies are traditionally increased in February and implemented in April, but the Minister of Finance heeded calls by the AA and, in his February budget speech, indicated that this will not happen again this year.
The Energy Department is expected to announce the fuel prices next week.
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