Brace yourselves as petrol price passes R20/litre

A week ago, we reported that the price of fuel was about to surge past R20 a litre and so here we are, numbers in hand and safety belts fastened for a wild ride at the pumps.

The price of petrol, both 93- and 95-octane, will increase by 53c a litre, with the price of diesel increasing by around 80c a litre. The price of illuminating paraffin will see a R1,01 per litre increase and the maximum retail price for LPG will be lowered by R1,24.

Our fuel prices in South Africa are determined by the dollar-rand value due to the fact that we purchase oil in dollars. Stronger global demand for Brent Crude oil, as well as the travel sector seeing further growth have seen the price of oil increase – another factor to consider here.

Gwede Mantashe, Minister of Mineral Resources said, “Concerns regarding the tension between Russia and Ukraine have also affected crude oil prices negatively as the area is a crucial oil and gas infrastructure hub.”

It is worth noting that the strengthening of the rand against the dollar over the past month has helped to limit the impact of the increase in Brent Crude pricing.

February 2022 fuel pricing will be as follows;

95 Octane – R20,14
93 Octane – R19,89
500 PPM diesel – R18,04
50 PPM diesel – R18,07
Illuminating Paraffin – R11,97

The post Brace yourselves as petrol price passes R20/litre appeared first on CAR Magazine.


The Car Guide

Comments

Post a Comment

Popular posts from this blog

Topical tips on buying used – Chapter 1

Image
Buying a used car can be harrowing, whether privately or from a dealer. Here are some tips, as well as some things to watch out for. Beware of low mileages, especially on smaller or cheaper cars. It is always possible that the odometer has been turned back. Some things to bear in mind are:- diesels are often bought because they the driver needs to undertake long trips without consuming vast amounts of fuel. This could be a sales rep, or someone travelling large distances to work, lots of lengthy trip for family holidays, etc. So, usually higher mileages than normal. An expensive or luxury car may not see much time on the road, but very seldom a “workhorse”. This makes the executive cars likely to have a lot more life left than the overworked and abused hatchback. These also spend most of their life in a home garage or undercover parking lot at work. Related: Someone paid more for a mint BMW 325iS Evo 2 than a used M4 A vehicle without any service history is a serious disadvantage
Read more

Top 10 Best-Selling Automotive Brands Locally – April 2024

Image
Following eight consecutive months of sales decline, the milestone of celebrating a century of vehicle production locally saw a welcomed increase in the motor industry for April 2024. Have a look at the data below, which sees Toyota drop in sales but retain the top spot, with Suzuki moving into second and Nissan dropping to the bottom of the list without the NP200 rolling off of the production line. Image: Toyota Looking for your next new or used Porsche? Find it here with CARmag! South Africa is marking 2024 as a significant year for its automotive industry, celebrating 100 years of car manufacturing. Mikel Mabasa, CEO of naamsa , the country’s automotive business council, commented, “As the sun rises on a century of automotive innovation, South Africa proudly commemorates a century of automobile manufacturing excellence. This milestone reflects a journey of resilience, ingenuity, and passion that has shaped the nation’s automotive legacy.” Details on how the industry will commem
Read more

Could this teased Lancia sports car be a reborn Stratos?

Image
Lancia recently teased a coupe-looking model, waiting to be unveiled in their Multiverse. Could this then, signify the return of a historic moniker like the Stratos to the struggling automaker? Image: Lancia #MakeLanciaGreatAgain – a social media phrase that has been making the rounds for the better part of a decade. World Rally Championship titles, Formula 1 single-seat winners and some other gems in between. The Italian automaker litters dates in history and motorsport, with some truly revolutionary ideas and models that aided their bid to become one of the most successful motorsport manufacturers of all time. But that is all in the past. Lancia now contends sole markets with a platform-shared model but there have been ambitious plans under Stellantis ownership to kick-start the automaker and make them great again… words that delight so many enthusiasts and aficionados. Related: Automobili Amos debut Martini Racing Livery Lancia Delta and Safarista What better way to do this th
Read more