Unaudited fuel data from the Central Energy Fund (CEF) shows significant petrol price increases are likely in March, says the Automobile Association (AA).
“The increases to the price of petrol are big and will have a negative impact on household budgets. A 50/l tank of fuel, for instance, will now cost R61 more to fill, or R244 if filled four times during the month, which is significant. The cumulative effect on personal finances will be a further reduction of disposable incomes which will be exacerbated by increases to goods and services which must recoup the higher fuel input costs.
“We again urge consumers to monitor their fuel usage carefully, and to budget according to the new fuel prices, which come into effect next Wednesday. Ensuring vehicles are well maintained and in good mechanical condition, carefully planning routes, and avoiding heavy traffic, if possible, are some ways in which motorists can ensure better fuel consumption,” it said.
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