While the adjusted fuel prices for May show a decrease in the cost of both grades of petrol, the Automobile Association (AA) has warned that much of this is being offset by government support.
The government has announced that the May fuel prices will see a 12c/litre decrease for both grades of petrol but increases of between 92c/l and 98c/l for diesel inland from Wednesday .
The association said the relief offered in February of a reduction of the General Fuel Levy by R1.50 is cushioning the blow of the increases but that a more permanent solution must be found before month-end. According to an analysis by professional services firm, PwC, the reduction of the general fuel levy would reduce fuel costs by at least R10 billion over the coming year – and this money has been put back in drivers’ pockets. However, this is only a temporary fix.
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