Petrol prices in South Africa are a major concern for many people, as they can have a huge impact on the cost of living. With fuel prices on the rise, it’s important to stay informed about when the next petrol price increase is expected. This article will discuss the petrol prices in South Africa, and when the next petrol price increase might be.
South African Petrol Prices
The petrol prices in South Africa are determined by the Department of Energy, and are based on the international price of crude oil, the Rand/US Dollar exchange rate, and the taxes levied on fuel by the government. Petrol prices in South Africa tend to fluctuate on a monthly basis, and are subject to change at any time.
The petrol prices in South Africa are typically higher than in other countries, due to the higher taxes and levies that are imposed on fuel. This has made petrol an expensive commodity, and many South Africans struggle to afford it.
When is the Next Increase?
The Department of Energy typically releases monthly fuel prices, which are then in effect from the first of the month until the last day of the month. This means that the petrol prices in South Africa are usually updated every month.
It is difficult to predict when the next petrol price increase will be, as the Department of Energy does not announce them in advance. However, it is possible to estimate when the next petrol price increase might occur by keeping an eye on international oil prices, the Rand/US Dollar exchange rate, and the taxes levied on fuel by the government.
In conclusion, petrol prices in South Africa are determined by the Department of Energy and are based on a number of factors. It is difficult to predict when the next petrol price increase will be, but it is possible to estimate when it might occur by keeping an eye on international oil prices, the Rand/US Dollar exchange rate, and the taxes levied on fuel by the government.
The long-awaited fuel price increases are set to kick in at the start of the month in South Africa, according to the latest announcement from the Department of Energy.
Starting on the 1st of April 2021, the retail price per litre of petrol will rise by 39 cents and diesel by 26 cents. This price increase comes as a result of rising oil prices, which in turn are caused by a break in the OPEC+ agreement on supply and an increase in global demand for petroleum products.
The price hike will affect all petrol and diesel prices, including 93 octane, 95 octane, ultra-low sulpher diesel (ULSD) and 10 ppm diesel. The prices of these fuels will be adjusted monthly based on the international price indices for petrol and diesel.
For the month of April 2021, the Department of Energy has set a maximum price for 93 unleaded petrol in Gauteng at R17.20 per litre, 95 unleaded at R17.58 per litre, ULSD at R16.90 per litre and 10ppm detergent diesel at R15.86 per litre.
The increase in prices is yet another challenge for South African motorists, who are already dealing with rising costs of living and an uncertain political landscape.
The Department of Energy has urged motorists to buy fuel from only licensed suppliers, in order to ensure that they are not being overcharged for their fuel. The department has also encouraged motorists to use fuel sparingly, as this will help to mitigate the impact of the price increase.
It remains to be seen what the next fuel price increase will be, as the global supply and demand situation is constantly changing. However, it is clear that South African motorists are facing yet another challenge in the coming months.