Petrol price goes up by a record R1/litre at midnight - remember to fill up!
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.
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.
Source : https://www.123rf.com/photo_57647318_young-hipster-friends-on-road-trip-on-a-summers-day-engine-break-down-two-girls-pushing-a-vintage-ca.html?term=old%2Bcar&vti=mne0ubd81ef3hn3t50-1-61
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