SOUTH AFRICA – Petrol price reaches all-time high

Business

Motorists should brace themselves as the price of petrol is expected to reach an all-time high come Wednesday.

The Department of Energy (DoE) announced the latest increase in petrol prices. The price of unleaded 93 petrol will therefore rise 99c, unleaded 95 will increase by R1 and diesel R1.24. Illuminating paraffin will cost an additional R1.04 and liquefied petroleum gas (LPG) R1.79.

The increase in petrol costs will come into effect on midnight on Tuesday.

The Automobile Association (AA) on Thursday warned that the “unprecedented price increases” would be “catastrophic for road users”.

This will mark the biggest in South African history. The major culprit is South Africa’s chaotic economic policy‚ which has left the country defenceless against upticks international oil prices,” the AA said in a statement.

 

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