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Huge Petrol Price Increase for January

Huge Petrol Price Increase for January

The Central Energy Fund forecasts that the petrol price is set for a substantial increase next month. Unfortunately, it promises to be a bleak time for all road users in January, as diesel costs are also predicted to soar

According to the projections, petrol prices are set to rise by 34 cents per litre.  This wipes out the last two months of recorded decreases. Diesel consumers will be asked to fork out an extra 52 cents per litre at the pumps. The AA has issued a statement on Tuesday, blaming the spike on global oil prices:

“Fuel prices are set for hefty rises at month-end if current trends continue. It’s been a good month for the Rand so far, with the local currency picking up around 15 cents against the US dollar, but the basic fuel price has shot up since the start of December, raising the spectre of quite substantial fuel price rises if there isn’t a pullback before month-end.”

“Although the International Energy Agency (IEA) does not expect a significant impact before the second half of 2021, we would not be surprised if optimism over the vaccine has been behind recent oil strength. Further strength might be on the cards if the vaccination plan shows large-scale effectiveness.”

What can you expect to pay for fuel going into the new year?

COASTAL

  • Petrol: R14.10
  • Diesel: R12.37

INLAND

  • Petrol: R14.80
  • Diesel: R12.97

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Tame Communications (known as tameTIMES) was established in 1997. This long-established popular community title includes the key shopping centres:  Alberton City, Mall...

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