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…
.jpg "Multiple people were injured in a taxi collision on Robert Sobukwe Drive")
