According to the Automobile Association (AA) significant fuel price increases, in August, will have a knock-on effect on prices across several major sectors which will add more pressure on people who are already struggling to make ends meet.
The Department of Mineral Resources and Energy announced a 91 cents per litre increase for petrol and a 55-56 cents per litre increase for diesel over the weekend. This will come into effect on Wednesday (4 August).
In addition to the globally high oil prices and weakening rand, the Department of Mineral Resources and Energy has said that the latest increase will include a “slate levy”, which will have to be implemented into the fuel price structures.
The department said that the following price hikes will come into effect on 4 August:
- Petrol 95: increase of 91 cents per litre
- Petrol 93: increase of 91 cents per litre
- Diesel 0.05%: increase of 56 cents per litre
- Diesel 0.005%: increase of 55 cents per litre
- Illuminating Paraffin: increase of 50 cents per litre
Sources: BusinessTech
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