South Africans can expect a slight increase to petrol prices in April based on unaudited data from the Central Energy Fund (CEF). But, says the Automobile Association (AA), the data is also pointing to a marginal decrease to diesel prices and illuminating paraffin. The AA says while the year did not get off to a good note for all grades of fuel, any form of relief for consumers is welcome, especially going into the Easter holidays.
According to a media statement by the Automobile Association of South Africa released by the the latest data from the CEF, ULP95 is expected to climb by around 10c/litre, and ULP93 by around 9c/l. The wholesale price of diesel is expected to decrease by between 34c/l and 38c/l while the cost of illuminating paraffin is slated to come down by around 47c/l.
“The decrease in diesel and paraffin prices is certainly good news; diesel is a big input cost in major sectors such as agriculture, mining, manufacturing, and retailing, and an increase here often contributes to increased prices of basic commodities.
“If the Rand/US Dollar exchange rate, as well as the movement in international product prices, continues in its current downward trajectory, there is a likelihood that by the time the Department of Mineral Resources and Energy (DMRE) makes the official adjustment for next month, the under-recovery will be significantly less and result in a much-needed price decrease,” says the AA.
South African motorists are advised to budget efficiently for their trips this Easter holiday and to ensure that their vehicles are in a good condition. The AA is offering consumers who plan to drive to their holiday destinations over the Easter period, free holiday vehicle checks until 2 April and advises motorists to contact any of the participating dealers to book an appointment.
