South Africans brace for fuel price hike
Amid the ever-rising cost of living, South Africans must gear up for yet another increase set to hit their pockets.
South Africans are gearing up for the rise in fuel prices at midnight Wednesday (July 2)
95 Unleaded will go up by 52 cents per litre.
93 Unleaded will go up by 55 cents
That will mean 95 unleaded petrol will cost R21,08 per litre on the coast and R21,87 Inland.
Diesel is up by 82 cents (500 ppm)
84 cents (50 ppm)
Illuminated paraffin increases by 67 cents per litre.
According to the Department of Mineral Resources and Energy, the fuel price hike has been aggravated by the rise in fuel taxes that came into effect on June 4.
Finance Minister Enoch Godongwana announced an increase in the general fuel levy by 16 cents per litre for petrol and 15 cents per litre for diesel, for the 2025/2026 fiscal year.
Often referred to as a “silent tax” because it’s not itemised like VAT but embedded in pump prices, the fuel levy significantly impacts the average South African, as the increased cost ripples through logistics, transport, and food prices.
In a domino effect rippling through the economy, economists warn that the surge in fuel prices is expected to significantly affect the food industry, potentially driving up the cost of essential goods.
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