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Largest price hikes in history may see petrol top R20/litre by year-end

20 October 2021 2:09 PM
Tags:
Petrol price
Fuel prices
Paraffin price
Automobile Association
Motoring
Pippa Hudson
Ciro De Siena
Diesel price
Lunch with Pippa Hudson

Pippa Hudson interviews motoring journalist Ciro de Siena.

A “perfect storm” is leading to energy supply shortages around the world while demand is on a steady rise.

Brent crude is trading at around $85 dollars per barrel, up from $9 in April last year.

Expect “catastrophic” increases next month, warns the Automobile Association (AA).

© David Bodescu/123rf.com

RELATED: 'Expect energy prices to continue rising – there’s a perfect storm right now'


It forecasts the following price hikes:

  • Petrol up by 99 per litre

  • Diesel and paraffin up by R1.42 per litre

These hikes, if implemented, will be the largest monthly increases in history.

The AA expects petrol to top R20 per litre by the end of the year.

Pippa Hudson interviewed motoring journalist Ciro de Siena (scroll up to listen).


RELATED: The world is running out of everything


The AA is saying we might be at R20 a litre before the end of the year…

Ciro de Siena, motoring journalist

Electricity is still a lot cheaper than petrol…

Ciro de Siena, motoring journalist



20 October 2021 2:09 PM
Tags:
Petrol price
Fuel prices
Paraffin price
Automobile Association
Motoring
Pippa Hudson
Ciro De Siena
Diesel price
Lunch with Pippa Hudson

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