Big fuel price increase likely in April

South Africa’s petrol price is likely to increase by around 60 cents a litre in April, while diesel could rise by almost R1.

According to the Automobile Association (AA), mid-month data released by the Central Energy Fund shows that the basic price of petrol is likely to rise by between 31 and 35 cents a litre, while the diesel price looks set to increase by around 60 cents. On top of that, the government’s Fuel Levy is set to increase by 30 cents a litre from the beginning of April, meaning that diesel could go up by almost R1 a litre.

Commenting on the mid-month data, the AA said that gains in the international oil prices were the biggest factor at play.

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