Guiding consumers since 2009

Consumers to feel the pinch as fuel price increases

By Jessica Anne Wood

Fuel prices will increase on 6 April, the Department of Energy announced last week. In addition, the fuel levy will be increasing by 30 cents per litre on 6 April too. All forms of fuel will be increasing as of Wednesday.

The increases are as follows:

  •          Unleaded petrol 93 and LRP 93 will be increasing by 86 cents per litre in Gauteng and 81 cents at the coast.
  •          Unleaded 95 and LRP 95 will increase by 88 cents per litre in Gauteng and 83 cents per litre at the coast.
  •          Diesel wholesale (0.05%) will increase in Gauteng by 95.70 cents per litre, and by 90 cents per litre at the coast.
  •          Diesel wholesale (0.005%) will increase by 97.70 cents per litre in Gauteng and 92 cents at the coast.
  •          Illuminating paraffin (SMNRP) will increase by 79 cents per litre countrywide.
  •          The maximum retail price for LPGAS will increase by 110 cents per kilogram countrywide.

The Department of Energy pointed out that during the period under review, the international product prices of petrol, diesel and illuminating paraffin increased, which contributed to the need for the fuel price increase.

The new fuel prices

The approximate new petrol prices as of 6 April (including price increase and fuel levy increase), will be:

 

The increases in the petrol price, together with the new fuel levy will see consumers paying the most for petrol this year.

The approximate new diesel prices as of 6 April (including price increase and fuel levy increase), will be:

 

Source: Automobile Association of South Africa (AA) and Department of Energy

As with the petrol price, consumers will be paying the highest cost for diesel this year at over R10, thanks to the new fuel levy and the increase in the price of diesel.

In addition to the fuel price increases that consumers will have to manage in April, the electricity tariff increase of 9.4% came into effect on Friday 1 April. Furthermore, other rates and tariff increases are expected to be implemented by municipalities over the coming months.

Recent Articles

Featured What to do when you’ve been denied a home loan

After months of scanning property sites and attending showhouse after showhouse, you’ve finally found what you’ve been looking for. But your dream of owning a home comes crumbling down when you receive the news that you’ve been denied a home loan. So, what now?

Can your retirement annuity be used as collateral for a loan?

If you have a retirement annuity, you may have wondered whether you can use this as collateral when you take out a loan. We decided to do the leg work and find out whether this is possible or not.

Best travel cards offered by top South African banks

Planning a trip abroad involves a lot of administration. You need to consider travelling arrangements, reasonable accommodation, and a daily itinerary. But have you considered how you’re going to pay your bills once you arrive? Besides considering bank costs, you also need to consider exchange rates.

Best ways to save your money short-term

For many, it seems close to impossible to save when spending on holiday getaways, Christmas gifts, while also trying to ensure there’s money left to survive January. Justmoney takes a look at the best ways you can save during the short term.

Deals

Marble Gift Card Special

Price: From R1000
When: Until 25 December 2019
Where: Johannesburg

Trennerys Hotel and Camping Januworry Special

Price: R950
When: From 10 to 31 January 2020
Where: Centane (Eastern Cape)

Bakwena Standard Packages Special

Price: From R999
When: Until 31 December 2019
Where: Nationwide