The Automobile Association (AA) says the massive fuel increases announced by the Department of Mineral Resources and Energy will have a sharp and immediate effect on the poor, and a long-term impact on inflation.
Commenting on the increases, AA says the increases are above expectations and will hurt all South Africans. Fuel prices across the board will be adjusted at midnight next Wednesday.
Both grades of petrol will increase by R1.46 per litre, diesel will increase between R1.44 and R1.48 and illuminating paraffin will increase by R1.21 a litre.
For the first time in history 95 octane petrol inland will rise above R21 a litre, and by a significant margin.
The increases for March are mainly attributable to rising international petroleum prices as a result of Russia’s invasion of Ukraine.
Energy Department announces a fuel price increase in March
