petrol price increase

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Motorists will not be rushing to petrol stations before Midnight the price of petrol and diesel are set to fall on Wednesday. The reduction in the price of petrol will no doubt come as a welcomed relief for South Africans. 


Motorists around South Africa will now need to dig deeper in their pockets if they want to fill up their tanks. Sizeable increases in the price of petrol and diesel were implemented countrywide this week. 
 


The cost of fuel has increased and motorists will have to dig deeper into their pockets to fill up their vehicle's tanks. However, not only motorists and vehicle owners will be affected by the most recent fuel price increase. 


The Department of Mineral Resources and Energy has announced the fuel price adjustments for the last month of 2022, leaving some motorists with a tighter wallet while others will receive some relief. 


Some motorists will welcome the news that the price of petrol will decrease again in October 2022. However, those who purchase diesel will be less enthusiastic about the monthly fuel price adjustment.

 


After months of increases which saw the petrol price reach record highs, motorists will soon be able to breathe a little easier. This comes after it was confirmed that the price of petrol will be reduced by more than R2 per litre. 


Motorists around the country will welcome the latest data from the Central Energy Fund (CEF) which indicate a significant drop in the price of fuel on the cards. This will be the second consecutive month that the price of petrol has declined.

 


The cost of fuel increased significantly during the first six months of 2022. While the cost is expected to decline in the coming months, experts say proposed government fuel relief interventions may not make a significant difference for South Africa’s most vulnerable citizens.

 


Consumers around the country are feeling the pinch in their wallets as consumer inflation accelerated to a 13 year record high. This results in consumers needing to spend more on the same products which they may not be able to afford.


South African motorists saw the price of petrol increase by more than R6 per litre over the course of 2022. However, they may soon receive some relief as early indicators suggest the fuel price will decrease in September 2022.

 


South African motorists can finally breathe a sigh of relief after it was announced that the price of petrol and diesel will be reduced. This comes after months of consecutive increases which left motorists in pain at the pumps.

 


Petrol is expensive, the most expensive it has ever been. However, data suggests that South Africans will pay less for fuel on the first Wednesday of August 2022.

 


Motorists will be rushing to petrol stations before Wednesday when the price of fuel will surge by midnight. The latest increase comes after months of consecutive increases.

 


While motorists will be paying more at the pumps as of 1 June 2022, many have breathed a sigh of relief as the government announced a partial extension to a relief measures that have cushioned the rising price of petrol for the last two months.

 


While the cost of living in South Africa seems to be on an unstoppable upward spiral, the government said they will be investigating a possible new revenue source in the form of a driving tax.


Motorists are set for further pain at the pumps after it was reported that the government will not be extending a relief measure which reduced the price of fuel for the past two months.

 


South African motorists should prepare themselves for more pain at the pumps after the minister of Mineral Resources and Energy revealed that a price hike is unavoidable.

 


Motorists could be in for a nasty surprise at fuel pumps with the temporary relief measure to reduce the price of petrol, set to conclude at the end of May.

 


Depending on the vehicle you drive, the May 2022 fuel adjustments will either be a welcomed relief or an unpleasant surprise.

 


 an increase in the price of fuel may be unanimously frowned upon, the increase set to take effect on Wednesday could have been much worse for motorists. 

 

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