Sep Fuel Price Surge -Record Hikes Expected Since Last July

The embattled consumers of South Africa are staring at significant fuel price increments as the Department of Mineral Resources and Energy prepares for an adjustment of fuel prices in the month of September. Motorists and industries alike are being advised to brace themselves for these financial punches which are expected to come in full force.

According to the Automobile Association (AA), this increment is likely to be the most significant one since July of the previous year. The AA has highlighted this prediction by commenting on the unaudited data originating from the Central Energy Fund.

As described by the AA, petrol prices are anticipated to rise considerably, ranging between R1.59 to R1.65 per litre. Not only the petrol consumers, but those using diesel will also have to bear the brunt of these modifications. The wholesale price of diesel is envisioned to see an increase by an enormous amount of R2.85.

These new changes in fuel prices are expected to be officially announced by the Department of Mineral Resources and Energy later today. Post the announcement, the amendments in the prices will come into effect from Wednesday onwards. As the South African economy recovers from the effects of the ongoing pandemic, these unprecedented fuel hikes add another challenge to the list.