The price of petrol could go up by R2 in April – Dawie Roodt

Expect to pay as much as R2 per litre more for fuel in April, cautions Efficient Group economist Dawie Roodt.

The Department of Energy will announce the amended fuel prices for April next week on Friday.

Treasury recently announced sharp increases in taxes and the road accident fund levy which will add 81 cents to the cost of a litre of petrol. The rand is also considerably weaker, leading to a sharper increase than would otherwise have been the case.

Roodt expects the rand to continue weakening and the oil price to recover further over the next few months. “I expect oil back at about $75 or $80 in the next few months,” says Roodt.

Listen to the audio for more detail from Roodt.


This article first appeared on 702 : The price of petrol could go up by R2 in April – Dawie Roodt


CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
EOH CEO Zunaid Mayet explains why the share price tanked

EOH CEO Zunaid Mayet explains why the share price tanked

The Money Show’s Bruce Whitfield interviewed Mayet.

'This puts pressure on Jacob Zuma to vacate office earlier'

'This puts pressure on Jacob Zuma to vacate office earlier'

The Money Show’s Bruce Whitfield interviews Daniel Silke, Political Economy Analyst at Political Futures Consultancy.

Learn how to code, for free! Meet WeThinkCode_’s Arlene Mulder...

Learn how to code, for free! Meet WeThinkCode_’s Arlene Mulder...

Interested in attending a free, two-year course in computer programming? Bruce Whitfield interviews the cofounder of WeThinkCode_.

How Futuregrowth Asset Management dodged the Steinhoff bullet

How Futuregrowth Asset Management dodged the Steinhoff bullet

The Money Show’s Bruce Whitfield interviews Futuregrowth Asset Management Chief Investment Officer Andrew Canter.

Best age to sell or trade your car in

Best age to sell or trade your car in

What is the optimal time to sell a car? While it’s still worth a bit? When the doors fall off? Before the service plan runs out?

Economist expects even larger fuel price hike in April

Economist expects even larger fuel price hike in April

South Africans should expect another massive fuel price hike in April, says economist Mike Schüssler.

Popular articles
Lessons from the spectacular collapse of Steinhoff (e.g. diversity matters)

Lessons from the spectacular collapse of Steinhoff (e.g. diversity matters)

Bruce Whitfield interviews Gordon Institute of Business Science Dean (and marketing expert) Professor Nicola Kleyn.

Number of South Africans visiting the seaside has dropped

Number of South Africans visiting the seaside has dropped

Fedhasa's CEO is encouraging South Africans to take a look at the specials that are currently out there and make their bookings.

Casac to challenge Zuma's appeal of Abrahams High Court order

Casac to challenge Zuma's appeal of Abrahams High Court order

The National Prosecuting Authority (NPA) will appeal a High Court order that its head Shaun Abrahams leave office.

Instead of investigating state capture they are investigating me - Jacques Pauw

Instead of investigating state capture they are investigating me - Jacques Pauw

Journalist and author Jaques Pauw says he doesn't understand why he being investigated and summoned to appear before police.

 Metrorail central line trains suspended due to vandalism

Metrorail central line trains suspended due to vandalism

Metrorail regional manager, Richard Walker says criminals are making it hard for them to operate in the area.

Steinhoff money woes and why you should care

Steinhoff money woes and why you should care

The company lost around R100 billion leaving the JSE reeling in one of the biggest private sector business scandals.

How businessman Max Lichaba struck gold with his jewellery company

How businessman Max Lichaba struck gold with his jewellery company

Entrepreneur Max Lichaba built his own empire and is the CEO of Lichaba Creations and several other businesses. This is his story.