Embattled consumers should brace for massive fuel hikes when the Department of Mineral Resources and Energy (DMRE) adjusts fuel prices for September. Commenting on unaudited data from the Central Energy Fund (CEF), the Automobile Association (AA) says the hikes to petrol prices will be the highest since July last year, while the increases to diesel prices will be record hikes.
“According to the CEF’s data, the price of petrol is expected to climb by between R1.59/litre for ULP93 and R1.65/l for ULP95. The wholesale price of diesel is expected to increase by a whopping R2.85/l. Considering these potential increases, the price of a litre of ULP95 inland will rise from R22.83 to R24.48/l while the price of ULP93 will increase from R22.43/l to R24.02/l. Both these prices are in line with prices last seen in August last year but not at the record highs seen in July 2022,” notes the AA.
In the case of diesel, the hikes will push the suggested wholesale cost of this fuel…
.jpg "Ten people were injured in a collision between a taxi and vehicle in Durban")
