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    Fuel to climb as oil outmuscles Rand

    Global oil prices strode higher during July, setting the stage for fuel price increases in August despite a surprise upside from the Rand. This is according to the Automobile Association which was commenting on unaudited month-end fuel price data released by the Central Energy Fund. As matters currently stand, petrol is likely to increase by […] More

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    Fuel prices – up to 50% of every litre goes to taxes

    South Africa’s fuel price is comprised of many different elements, some of which make fuel in the country more expensive than that in neighbouring countries to which South Africa exports. The AA publishes an annual breakdown of the fuel price to give South African consumers and motorists a snapshot of the cost composition of every […] More

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    Massive fuel drop helps offset cost pressures for the agriculture sector

    Comment by Paul Makube, Senior Agricultural economist at FNB Agri-Business The South African agriculture sector as well as consumer can breathe a sigh of relief following the announcement of a massive fuel price decrease of R1,76/ litre of both the retail price of the 93 ULP and LRP petrol, with the 95 ULP and LRP […] More

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    Petrol up, diesel down for December

    Divergence in the international prices of refined fuels have caused an unusual fuel price picture for December. This is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel price data released by the Central Energy Fund. “The Rand / US dollar exchange rate has remained fairly flat throughout November, contributing around […] More

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    Mixed picture again for fuel price

    Fuel prices for August are set for changes with petrol up and diesel down. This is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel price data released by the Central Energy Fund. “International oil prices have steadily trended upwards since the start of June, although there has been a slight […] More

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    Petrol price ominous, diesel flat

    Unexpectedly strong international fuel prices have raised the spectre of an unwelcome fuel price hike for petrol users at the end of April. This is according to the Automobile Association (AA), which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund. The current data suggests that petrol may increase by […] More

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    Rand, oil squeeze fuel price

    Fresh off substantial fuel price hikes in March, South Africans should brace themselves for further increases in April. This is according to the Automobile Association (AA), which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund. “The projected basic fuel price increase is being billed as 98 cents for petrol, […] More

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    Mixed fuel picture for February

    Petrol up, diesel down in February. This is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel price data released by the Central Energy Fund. “International oil prices have reached a slightly higher plateau after climbing in the first half of January,” the AA says. “Over the same period, the Rand […] More

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    Huge fuel drop, but levy impacts unknown

    Massive fuel price reductions are expected for December, but these could be tempered by adjustments in the retail and wholesale margin, and the possible continued use of the Slate Levy. This is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel price data released by the Central Energy Fund (CEF). “The […] More

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    Petrol down, diesel up for November

    Fuel prices have moderated during October, with the prospect of some relief for petrol users, although users of diesel and illuminating paraffin will have to cough up more. This is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel price data released by the Central Energy Fund. “The exchange rate started […] More

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    Further strain on consumers as fuel prices are set to hit a record high in Oct 2018

    by Paul Makube, Senior Agricultural economist at FNB Agri-Business After a brief hiatus with the government absorbing about R500 million of the fuel hike and only allowing 5 cents increase in September, the situation has deteriorated with the recent announcement by the Department of Energy (DoE) report showing that petrol prices will jump by 99 […] More

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    Monster fuel hikes ahead

    Mid-month unaudited data from the Central Energy Fund (CEF) is predicting the biggest fuel price hike in South Africa’s history by some margin. This is according to the Automobile Association (AA) which has monitored the fuel price data from 1 September to date. “A spike in international oil prices and a huge swing in the […] More

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