Ouch! Motorists, already pushed to breaking point, will have to dig even deeper when fuel prices rise through the roof at midnight.
From midnight, both grades of petrol, 93 and 95 (ULP & LRP), will increase by 99 cents and 100 cents a litre (c/l) respectively.
It brings the overall retail price of 95 ULP for motorists in Gauteng to R17.08 c/l and R16.49 c/l at the coast. Diesel 0.05% sulphur and diesel 0.005% sulphur will both increase by R1.24 a litre, while illuminating paraffin (wholesale) rises by R1.04, and illuminating paraffin will cost R1.39 more per litre.
“The increases 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,” the Automobile Association (AA) said in a statement.
The huge fuel hike will hurt the agricultural sector, which is already battling from the drought, while the hike is expected to squeeze marginal businesses to their core.
With the rise in fuel prices, a rise in food prices is always certain to follow, stretching the public even further.
With no end in sight to the continuous and hefty fuel hikes, people are encouraged to reassess the way they travel.