The state’s temporary cut in the general fuel levy is also set to be halved on July 6, so motorists will face a further 75c/l hike no matter what happens internationally
The latest unaudited data released by the ll. At the time of writing, both grades of diesel look set to spike about R1.30/These sharp increases can be attributed to a strong dollar, weakening rand, bullish global oil prices and the continued conflict in Ukraine.
The wholesale price per litre of 50ppm diesel is R23.22 inland and R22.63 at the coast, and 500ppm diesel is R23.09 inland and R22.47 at the coast. The cost of running a car is increasingly eating into consumers’ disposable incomes, leading to calls for the government to reduce the taxes that make up more than 30% of fuel prices.
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