The increases to diesel prices will be record hikes.
“Both these prices are in line with prices last seen in August last year but not at the record highs seen in July 2022,” said the AA.
Illuminating paraffin prices are also slated to increase significantly by as much as R2.80/l, pushing the cost of this fuel to R17.43/l inland and R16.50/l at the coast.The expected increases are largely being driven by higher international oil prices which have risen on the back of slow demand and decreased output.
“Motorists will certainly feel the pinch in terms of higher prices at the pumps but consumers across the board can expect higher prices to all goods and services because of these hikes. In this environment we reiterate our advice to motorists that they should keep their vehicles in good mechanical condition and their tyres inflated according to manufacturer’s specifications to ensure optimal fuel usage.
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