Fuel price hike: SA motorists to fork out more for fuel in October
Johannesburg - Motorists will have to fork out more for both petrol and diesel as the the Department of Energy reports increase in the South African fuel price.
Earlier in September, the Automobile Association (AA) predicted that fuel prices would increase, given stronger international oil prices and a weakening rand.
Fuel price breakdown
A litre of 95 octane petrol will cost R14.01 inland and R13.52 at the coast from Wednesday (Oct 4), reports The DoE.
A liter of diesel will now cost R12.12 inland and R11.74 at the coast.
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Reason for the fuel price hike?
The Central Energy Fund attributed the fuel price hike to rising global prices for petrol and diesel.
The October fuel price hike follows increases of 19c and 67c a litre for all grades of petrol in August and September respectively. In July motorists paid 69c less on a litre of petrol, reports Fin24.
More fuel price increases?
The AA predcits: "With the USA eyeing interest rate increases, and global oil markets remaining buoyant, our view is that further fuel price hikes are almost inevitable before year end."