Fuel prices for May

18 April 2024 | From Arrive Alive


South African fuel prices have reached record-high increases over the past three years despite the government not increasing the General Fuel Levy or Road Accident Fund (RAF) levy. Commenting on unaudited data from the Central Energy Fund (CEF), the Automobile Association (AA) says unleaded 93 petrol inland in May 2022 cost R21.51 per litre but increased to R23.01 in May 2023. According to current data from the CEF) this price will again increase by 37c/litre in May pushing the price close to R25.15/l.
 
The outlook for unleaded 95 inland is not much better with the CEF data showing an increase of 38c/l. This will push the price of this fuel to around R25.50/l, higher than that R25.42 seen in August 2022, but not quite the record price of R26.74 in July that year. Despite this bad news, diesel is set to decrease by 35c/l while illuminating paraffin is also set to come down by 28c/l.
 
“The decrease to diesel prices is especially welcome as it will not result in higher input costs across various sectors, and this won’t be a driving factor in consumer prices increasing,” notes the AA.
 
A review of the data shows that the expectant increases in this cycle under are a result of fluctuations in international product prices that took a sharp upward trajectory at the beginning of the month. The relative stability of the Rand against the US Dollar in the early part of the month is contributing only a small margin to the expected increases.
 
“However, with tensions ramping up in the Middle East, the local currency could be under significant pressure going into the last two weeks of April and could have a more significant impact on local fuel prices in May. At this stage it’s important to keep an eye on that indicator as we head into the new month,” says the AA.
 
The AA says that the expected increases reaffirm its belief that a review of the fuel price structure is necessary to establish if any components within the current pricing model can be revised by the Department of Mineral Resources and Energy (DMRE) to mitigate against rising costs.
 

The important steps to saving fuel when driving trucks!

Share This Page

Tell a friend icon Tell a Friend | Fax machine icon Print this Page

News Articles

17 Jun 2024 | From Arrive Alive
On Thursday, 13 June 2024, Isaac Mbulelo Sileku was sworn in as the Provincial Minister of Mobility for the Western Cape. This followed Premier Alan Winde’s announcement of his Provincial Cabinet for the new term of government. Minister Sileku is a returning Member of the Provincial Legislature
17 Jun 2024 | From Arrive Alive
A serious collision on the R301 Wemmershoek Road in Paarl. There were two vehicles involved in the collision. Four people were left with moderate to serious injuries. Local authorities were on the scene for assistance and further investigations.
17 Jun 2024 | From Arrive Alive
ALS Paramedics responded to a serious head-on collision in Cliffdale. Paramedics arrived on the scene to find carnage as they found that two vehicles collided head-on leaving multiple injured and multiple entrapped. Immediately more Ambulances as well as Advanced Life Support Paramedics were dispatched
17 Jun 2024 | From Arrive Alive
CERT-SA Vaal crew responded to a vehicle collision on the R59 close to Randvaal. Two vehicles collided on the freeway. One patient unfortunately succumbed to his injuries, while three other patients were treated on scene and transported to various hospitals by ER24 and Gauteng EMS. The cause of
17 Jun 2024 | From Arrive Alive
Assault reported on Ingwe Street in Du Noon. One person with critical injuries on scene. Local authorities were on the scene for assistance and further investigations.
17 Jun 2024 | From Arrive Alive
A single-vehicle rollover was reported on the N7 in Goodwood. One patient with minor injuries. Local authorities were on the scene for assistance and further investigations.
17 Jun 2024 | From Arrive Alive
Pedestrian-vehicle collision on the R45 in Simondium. It was reported that it was a hit-and-run. One pt with critical injuries on the scene. Authorities were on the scene for assistance.
17 Jun 2024 | From Arrive Alive
A pedestrian was knocked down by a vehicle on Borcherds Quarry Road in Nyanga. The pedestrian was left with critical injuries. Local authorities were on the scene for assistance and further investigations.
17 Jun 2024 | From Arrive Alive
Midlands EMS Pietermaritzburg crews were dispatched to the R33 in New Hanover for a vehicle collision. Upon arrival, it was found that two vehicles were involved in a head-on collision. One person sustained fatal injuries and was declared deceased on the scene by paramedics. Four other people

News Archive