The Automobile Association says it expects a further hefty hike in fuel prices in April with 95 Unleaded heading into record territory when the Department of Mineral Resources and Energy makes the official adjustment next Wednesday.
The AA was commenting on Tuesday on unaudited month-end fuel price data released by the Central Energy Fund, with petrol set for a massive increase of 73 cents a litre, diesel an increase of 39 cents, and illuminating paraffin an increase of 37 cents.
With the increase to the fuel levies factored in, petrol could rise by as much as R1 a litre and diesel by 66 cents a litre. The levies are not added to the cost of illuminating paraffin.
The additional 27 cents to the General Fuel Levy and Road Accident Fund levies announced by Finance Minister Tito Mboweni in February come into effect in April.
The AA said this means that the fuel price for April will be in the region of R17.32 a litre for 95 Unleaded inland, comfortably surpassing the previous high of R17.08 set in late 2018.
The AA noted that with the increases to the levies, motorists will, from April, be paying R5.96 per litre of fuel to the General Fuel Levy and RAF levies, or between 35% and 40% to taxes on every litre of fuel purchased.
The Association concluded that the increases in fuel prices will have widespread negative consequences for everyone in the country, not just for motorists.
