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South Africans bludgeoned at the pumps again

03.03.2015

Almost immediately after Naamsa announced positive vehicle sales for this past month the Department of Energy (DOE) came out announcing a 93 cent increase in the petrol price which includes diesel going up 74 cents a litre, illuminating paraffin 73 cents a litre and LPG gas 154 cents a kilogram.

It is said that the increase comes as a result of the Rand continuing to lose ground to the US Dollar while we have also seen a resurgence of the crude oil price.

The bad news doesn’t stop there as the Budget Speech revealed that as from April 1 2015 the fuel levy and RAF fund adjustments will see the fuel price shoot up another 80.5 cents a litre.

These two increases will almost totally negate the recent spate of drops in our fuel price. Prepare for your fuel price to be close to R12.00 per litre come Easter.

 

Article written by Autodealer
03.03.2015
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