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22nd April 2024

Fuel price | Motorists throttled by skyrocketing fuel prices

The Department of Energy has published the fuel price adjustments that come into effect from tomorrow, with another massive hike for both petrol and diesel. The price adjustments for July are R2.37 per litter for 93 unleaded, and R2,57 for 95 unleaded. Increases will also be felt by diesel and paraffin users, bringing continuous steep prices in consecutive months. The public should also take note that if the National Treasury keeps its word, from August fuel prices will add a further 75 cents per litre, ending the three months price relief which was an intervention from the government. Benchmarks Foundation lead researcher David van Wyk says until Africa develops its own capacity to extract its oil and own its oil, local and international factors will continue to determine fuel prices. David van Wyk joins us virtually.