Motorists beware as petrol is set for a massive increase of 73 cents a litre in April.

Apart from impacting travel for the upcoming Easter break, it is not only motorists who will be affected by the fuel increases, but all household budgets as increased transport costs will push up the cost of living.

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This is according to the Automobile Association (AA) which was commenting on unaudited month-end fuel price data released by the Central Energy Fund.

The AA predicts that diesel will increase by 39 cents a litre, and illuminating paraffin will likely increase by 37 cents per litre.

‘With the increase to the levies factored in, petrol could rise by as much as R1 a litre, and diesel by 66 cents a litre. The levies are not added to the cost of illuminating paraffin.

‘This means that the fuel price for April will be in the region of R17.32 a litre for Unleaded Petrol (ULP) 95 inland, comfortably surpassing the previous high of R17.08, set in late 2018,’ said AA spokesperson, Layton Beard.

With the increases to the levies, motorists will be paying R5.96 per litre of fuel to the General Fuel Levy and Road Accident Fund levies, or between 35% and 40% to taxes on every litre purchased.

Beard said this will have negative consequences for everyone in the country, not just for motorists.

‘We can only stress again the severe additional damage these increases will do to household budgets, both directly and indirectly, as the increased transport costs ripple throughout the value chain. Increased public transport fares will surely also not be far off either,’ he said.

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