Petrol price to surge to more than R21 per litre in March

The Automobile Association has called on government to urgently deal with the rising cost of fuel in South Africa.

It is expected that South Africans will pay more than R21 per litre of petrol in March.

The Citizen reports that petrol prices will increase yet again due to international petroleum prices.

“The data shows an increase of R1.25 a litre for 95 octane petrol, R1.24 a litre for 93 octane, R1.29/l for diesel and a significant increase of R1.22/l for illuminating paraffin,” said the Automobile Association (AA) in a media statement.

The AA has since said government must act quickly to deal more effectively with the fuel price in the country.

“Government must find ways to mitigate against rising fuel costs which are negatively impacting on all consumers in the country. Our economy is closely linked to the fuel price; it is a major input cost in the manufacturing, retailing and agricultural sectors.

“We have noted before that a review of the current structure of the fuel price, as well as an audit of all the elements which comprise the fuel price, should be done sooner rather than later. We therefore call on the Minister of Finance to initiate such a review during his Budget Speech on February 23,” read a statement by the AA.

Read original story on rekord.co.za

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Andrea van Wyk

Caxton’s Digital Editorial Manager. I am a journalist and editor with experience spanning over a decade having worked for major local and national news publications across the country and as a correspondent in the Netherlands. I write about most topics with a special interest in politics, crime, human interest and conservation.
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