Unaudited fuel data from the Central Energy Fund (CEF) points to possible increases of around 25 cents a litre to petrol prices in April.
Commenting on the data, the good news, says the Automobile Association, is that the data also shows a decrease in the wholesale price of diesel, of around 20c/F, and a significant decrease in the price of illuminating paraffin, of around 68c/F. The weaker rand-US dollar exchange rate is contributing to the increases in petrol and is clawing back some of the decreases to diesel and illuminating paraffin, with lower international oil prices having the reverse effect.
Another consideration is that fuel levies will not increase in April and will stay at the same rate as they did in 2022.
