Zimbabwe’s energy regulator has raised petrol and diesel prices by up to 16%, the fourth increase this year, after the finance minister said fuel was considerably cheaper than in neighbouring countries. President Emmerson Mnangagwa announced the biggest fuel price hike in January, a 150% increase, which sparked deadly protests by financially struggling Zimbabweans that left […]
Crude oil prices are plummeting raising hopes of a significant petrol price drop.
The Automobile Association says there is a possibility of a marginal fuel price increase next month. This is due to the forthcoming Carbon Tax – to be introduced on June 5.
The People Against Petrol and Paraffin Increases (PAPPI) has called for South Africans to hold a national protest against fuel price increases by voting out the current government.
Many motorists say they are frustrated as they brace themselves for yet another fuel price increase which will take effect at midnight on Tuesday.
Some business people in Polokwane, Limpopo, have appealed to Finance Minister Tito Mboweni to urgently address the increasing fuel prices.
The latest fuel price hike has had commuters hoping that the announcement was an early April’s fool’s joke.
The Energy Department has announced a steep fuel hike which comes into effect on Wednesday.
The petrol price will go up by a hefty R0,74 cents per litre at midnight. Diesel will go up by between R0,91 and R0,93 cents per litre.
The Automobile Association says if the Rand continues to strengthen against the US Dollar it could result in good news for motorists in the coming months.