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Fuel prices up for July 2018

The upward trajectory of fuel prices in South Africa continues as the Department of Energy announced increases which will take effect on Wednesday, 4 July 2018.
© PaylessImages via 123RF
During June 2018, the Rand weakened against the US dollar from R12.51 to R13.29 while the price of Brent Crude oil decreased over the same period from $77.00 to $74.00. The decrease in the oil price prevented further increases and cushioned consumers by as much as 20 c/l according to the Department of Energy. International prices of petroleum products also decreased over the period.

Nonetheless, the following fuel price adjustments will take effect on 4 July 2018:
  • Petrol 93 Octane: up by 26 c/l
  • Petrol 95 Octane: up by 23 c/l
  • Diesel 0.05% Sulphur: up by 26 c/l
  • Diesel 0.005% Sulphur: up by 24 c/l

The Automobile Association of South Africa (AA) warned, “We do foresee further fuel price hikes, driven by South Africa's weak economic position and potential fallout from trade tariff disagreements between the USA and other nations. Combined with lower wage hikes and the increasing cost of living, the expenses of commuting by private car might spiral beyond many motorists' reach. Commuters who would never previously have considered public transport or carpooling may soon have no option.”

This article was originally published on Cars.co.za.


SOURCE

Cars.co.za
Cars.co.za is a leading online automotive retail portal that lists more than 70 000 vehicles stocked by hundreds of dealers countrywide, as well as the top-ranked branded SA YouTube channel. In 2015, Cars.co.za repositioned itself as a consumer champion by optimising its editorial content for the purposes of engaging and empowering its users. The Cars.co.za Ownership Satisfaction Survey, in association with Lightstone Consumer, and the Cars.co.za Consumer Awards – powered by WesBank, underlines the company’s objective to be the most comprehensive resource to South African vehicle buyers.
Go to: http://www.cars.co.za
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