The AA says that the increase to come will hit diesel users harder with diesel increasing by 70 cents. Petrol prices are currently set for a 40 cents-a-litre increase, while illuminating paraffin could spike by 65 cents.
The latest increase comes after the Department of Energy’s (DoE) proposal to set a maximum price for the sale of 93 octane ULP and LRP fuels.
“Should this happen, it will allow fuel retailers to set their own prices below the maximum amount indicated by the government, and may, depending on the margins, ease the burden on users of the two identified fuels,” the AA explained.
Tell us, what are you doing to save when it comes to petrol price increases?
Raeesa Sempe is a Caxton Award-winning Digital Editor with nine years’ experience in the industry. She holds a Bachelor’s Degree in Media Studies from the University of the Witwatersrand and started her journey as a community journalist for the Polokwane Review in 2015. She then became the online journalist for the Review in 2016 where she excelled in solidifying the Review’s digital footprint through Facebook lives, content creation and marketing campaigns. Raeesa then moved on to become the News Editor of the Bonus Review in 2019 and scooped up the Editorial Employee of the Year award in the same year. She is the current Digital Editor of the Polokwane Review-Observer, a position she takes pride in. Raeesa is married with one child and enjoys spending time with friends, listening to music and baking – when she has the time. “I still believe that if your aim is to change the world, journalism is a more immediate short-term weapon." – Tom Stoppard
