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Another blow at the pumps in February


Motorists are in for another fuel price hike in February after a brief reprieve in January.

At midnight on Tuesday, Petrol will rise by 53 cents a litre, diesel by 80 cents a litre, and illuminating paraffin by a whopping R1.01 cents a litre.

According to the AA, the February increases will push fuel prices in South Africa close to the record highs experienced in December 2021.

Going into February, 95 octane petrol will cost R19.42/l at the coast and will cost just 15 cents less than it did in December.

"The large increase in illuminating paraffin in particular will hit poor people hard, as many of them rely on this fuel for lighting, heating and cooking," said the AA.

The major factor in the latest hike is the rapid strengthening of benchmark crude oil prices to nearly $90 a barrel.

Meanwhile: The AA says its petition to #ReviewTheFuel is gaining momentum and that close on 25 000 people have already signed the petition.

The petition urges government to initiate a review of all the components of the fuel price as well as conduct an audit of all existing elements to determine if they are still applicable and correct.

"Our call is for the Minister of Finance to announce such a review in his Budget Speech in Parliament on 23 February as a first step towards mitigating against rising fuel costs effectively for the benefit of all South Africans," concludes the AA.