Driven by a global oil surge following the conflict in the Middle East and a significant weakening of the Rand, South Africans are facing one of the most aggressive fuel price hikes in history.
A record-breaking hike
Data from the Central Energy Fund (CEF) suggests that the under-recovery (the difference between what fuel costs and what we are currently paying) has reached staggering levels.
| Fuel type | Current price (March inland) | Expected increase | Projected price |
| 95 Petrol | R20.30/l | + R4.50 to R5.41 | ~ R25.71/l |
| 93 Petrol | R20.19/l | + R4.30 to R5.10 | ~ R25.29/l |
| 0.005% Diesel | R18.60/l (wholesale) | + R7.50 to R8.84 | ~ R27.44/l |
This includes the 21 cents per litre tax increase announced in the February Budget,…
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