Massive fuel increase faces consumers
“They are the biggest in South African history. The major culprit is South Africa’s chaotic economic policy..."
Fuel users are facing unprecedented price increases in October.
This is according to the Automobile Association (AA) which was commenting on unaudited month-end fuel price data released by the Central Energy Fund (CEF), The Citizen reported.
Read: Petrol prices reach a high of R16 a litre this month
“These increases are catastrophic for road users,” the AA says.
“They are the biggest in South African history. The major culprit is South Africa’s chaotic economic policy which has left us defenceless against upticks in international oil prices.”
With the Rand and oil contributing almost equally to the rises, petrol is expected to be up by R1.01 per litre, with diesel spiking by a massive R1.24. Illuminating paraffin users are also in for a shock hike with the price predicted to increase by a whopping R1.05.
“Excluding months where fuel taxes were hiked, this will be the largest single fuel price increase South Africa has ever experienced,” the AA says.



