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Petrol price goes up by a record R1/litre at midnight - remember to fill up!

6 April 2021 12:45 PM
Tags:
Fuel Price
Petrol price
Diesel
Petrol price hike
Transport
Personal finance
Diesel price
fuel price hike
making ends meet
Amy MacIver
diesel price hike
Ofentse Mokwena

This time it’s worth filling up. Transport economist Ofentse Mokwena explains the reasons behind the record fuel price hike.

The petrol price will increase by R1 per litre at midnight, implying a price of R17/litre (R16.64 at the coast).

Diesel prices will increase by between 63 and 65 cents a litre.

© malsveta/123rf.com

RELATED: 11 tips for saving up to R17 000 per year on fuel


Amy MacIver interviewed transport economist Ofentse Mokwena.

  • Is the record-breaking fuel price hike related to the recent disruption of traffic at the Suez Canal?

  • Is it linked to the instability in Mozambique?

  • Or, is it likely to do with worldwide Covid-19 vaccine rollouts and the resultant economic recovery?

An increase in the oil price, and a bit of a change in the exchange rate… beneath that there is the fuel levy and the road accident fund levy…

Ofentse Mokwena, transport economist - North West University

The Suez Canal only accounts for 10% of oil volumes moving around…

Ofentse Mokwena, transport economist - North West University

… from May… expectations are that the price may dip a bit…

Ofentse Mokwena, transport economist - North West University

For more detail, listen to the interview in the audio below.




6 April 2021 12:45 PM
Tags:
Fuel Price
Petrol price
Diesel
Petrol price hike
Transport
Personal finance
Diesel price
fuel price hike
making ends meet
Amy MacIver
diesel price hike
Ofentse Mokwena

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