AA warns of catastrophic petrol price increase for South Africa - predicts R20 by end of the year

[Jan]

"Catastrophic" petrol price increase for South Africa — R20 by end of the year

South African motorists could be hit by fuel price hikes of "catastrophic proportions" in November, the Automobile Association (AA) has warned.

The anticipated increases are primarily due to surging oil prices, coupled with a weakening Rand.

 

[animehero]

The organisation warned the current data showed that petrol could go up by 99c per litre, while diesel and illuminating paraffin could increase by R1.42 a litre.

“This will push 95 unleaded petrol (ULP) inland above R19 per litre (close to R19.30 per litre), and diesel to R17 per litre,” the AA said.

“Taking this potential increase into account, the price of a litre of 95 ULP would have increased from R14.86 per litre in January to R19.30 per litre in November – a 30% increase over 11 months.”

 

[Voicy]

**cries in R33/L**

 

[Gtx Gaming]

**cries in R33/L**

What the ETA on your Tesla?

 

[Gordon_R]

It's a global issue, post-pandemic rebound:

US heating bills set to surge as energy costs jump

Bills could rise by as much as 54% this winter, the US Energy Information Administration says.

www.bbc.com

 

[Voicy]

What the ETA on your Tesla?

You joke...I actually had to cancel my Model-Y preorder due to quality issues and then the Rona™.

But right now it might actually end up being the more affordable option.

 

[cyb3rt]

And to think just a year and a half ago oil prices briefly tanked to sub-zero numbers on certain international exchanges.

Those were some good days

 

[Gordon_R]

And to think just a year and a half ago oil prices briefly tanked to sub-zero numbers on certain international exchanges.

Those were some good days

People have short memories: Fuel prices were low, but you couldn't drive anywhere due to lockdown restrictions...

 

[cyb3rt]

“Taking this potential increase into account, the price of a litre of 95 ULP would have increased from R14.86 per litre in January to R19.30 per litre in November – a 30% increase over 11 months.”

Oil went up around 74% since Jan 2021.

 

[joshuatree]

Who uses a trickle charger for their battery?

If petrol prices get out of hand, more planning of trips maybe?

 

[system32]

You joke...I actually had to cancel my Model-Y preorder due to quality issues and then the Rona™.

But right now it might actually end up being the more affordable option.

Model-Y... The Plaid is the answer.

 

[supersunbird]

 

[$m@Rt@$$]

They lost a lot of money during the 'vid last year so they aren't gonna let loose anytime soon.

I don't even pay for the stuff but this is even touching my innards.

 

[supersunbird]

They lost a lot of money during the 'vid last year so they aren't gonna let loose anytime soon.

I don't even pay for the stuff but this is even touching my innards.

The oil producers?

 

[Ghost64]

They really want you to stay home....

 

[$m@Rt@$$]

The oil producers?

Yeah the article mentioned the pentagon's call on OPEC to produce more oil.

 

[supersunbird]

Yeah the article mentioned the pentagon's call on OPEC to produce more oil.

Was just making sure, as some will (incorrectly) think SA government will benefit

 

[pinball wizard]

The oil producers?

The mafia. I mean opec. Same thing. Cunts.

 

[dualmeister]

And most trucks use diesel.
There goes the food prices

 

[pinball wizard]

And most trucks use diesel.
There goes the food prices

We should have made a properly maintained rail network. Oops...