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The fuel price increases and decreases: How much more will it cost you?

19.04.2016

It’s more bad news for petrol-driven motorists as the price of oil continues to climb while there is a constant battle in the Rand / US dollar exchange rate.

Those with diesel power have some reprieve as prices are set to decline. The Automobile Association (AA), commented on unaudited mid-month data released by the Central Energy Fund (CEF).

"We are seeing a gradual, but sustained return of strength to petroleum prices," the AA said.

"On the international market, diesel and petrol prices have risen since late February," the Association explained.

"The appreciation of the Rand against the US dollar has gone some way to offset this, meaning that diesel and illuminating paraffin are heading for reduced prices, while petrol is set to climb," it added.

Current data predicts a petrol price hike of between 17 and 18 cents a litre, while diesel and illuminating paraffin are set for drops of 11 to 12 cents.

"Both the exchange rate and international oil prices continue to be volatile, and the month-end picture could be quite different from the current one," the AA concluded.

Should these values hold true let’s see what the average consumer will now pay for fuel. We have used an average fuel tank size of 50 litres to make the calculation.

Reef pricing as it stands (50 litre tank)

93 octane: R12.32 per litre= R616 per tank

95 octane: R12.62 per litre =R631 per tank

50ppm diesel: R10.54 per litre = R527 per tank

Coast pricing as it stands (50 litre tank)

93 octane: R11.94 per litre =R597 per tank

95 octane: R12.14 per litre =R607 per tank

50ppm diesel: R10.14 per litre =R507 per tank

Reef pricing with predicted adjustment (50 litre tank)

93 octane: R12.50 per litre = R625 per tank

95 octane: R12.80 per litre =R640 per tank

50ppm diesel: R10.42 per litre = R521 per tank

Coast pricing with predicted adjustment (50 litre tank)

93 octane: R12.12 per litre =R606 per tank

95 octane: R12.32 per litre =R616 per tank

50ppm diesel: R10.02 per litre =R501 per tank

Article written by Autodealer
19.04.2016
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