Motorists in South Africa can expect lower fuel prices in April

by
1 min read
Motorists in South Africa

As global oil prices trend lower, South African motorists can breathe a small sigh of relief. Although local fuel prices are linked to the rand/dollar exchange rate and the cost of oil, the projected hike of around eight cents per liter is lower than the previously predicted 56 cents per liter hike at the start of the month.

Rand had been a significant thorn in the side of petrol and diesel

For much of March, the rand has been the biggest problem for gasoline and diesel, causing prices to drop by about 40 cents per liter. But the revisions in prices now show that petrol and diesel prices in the area are too high by 30 and 80 cents per liter. As a result, diesel prices will decrease by 22 cents per liter, but gasoline prices will increase by 25 cents per liter.

Impact of market volatility

The failure of big banks in the US and Europe has had a significant effect on the markets, impacting both the price of oil and the exchange rate. But there is still a lot of time for things to change, as the next month doesn’t start for another two weeks.

No fuel tax hikes

The Central Energy Fund’s data from the middle of the month showed that the price of paraffin went down by 68 cents per liter. So, at least, drivers can be glad that fuel taxes won’t increase in the new month. However, with the anticipation that oil prices will keep going down, local gasoline and diesel costs may increase during the next few weeks.

South African motorists can look forward to a slight decrease in diesel prices in April, with petrol prices increasing by a smaller amount than previously predicted. While market volatility and exchange rates can still impact prices, at least there are no additional fuel tax hikes to add to motorists’ woes.

View all

Leave a Reply

Your email address will not be published.

Placeholder Photo
Previous Story

Simba Chips Worth R1.2m Recovered After Hijacking

Greenpop Reforest Fest at Bodhi Kaya Nature Retreat
Next Story

Get Ready to Celebrate Mother Nature at the Greenpop Reforest Fest 2023

Latest from Blog

firefighters community outreach

Spreading Holiday Cheer: Firefighters Bring Joy to Children

In December 2024, firefighters brightened the holidays for children in care facilities by delivering wrapped gifts with big smiles. Partnering with Pick n Pay, they spread joy and gratitude after receiving support during a tough summer of wildfires. Each visit was a heartwarming reminder of kindness, as firefighters became symbols of generosity, teaching kids about empathy and community spirit. This joyful initiative shows how simple acts of giving can light up lives and strengthen bonds in the community.

justice gender-based violence

A Persistent Nightmare in Embalenhle: Justice Served

In Embalenhle, South Africa, a dark nightmare unfolded as Themba Prince Shongwe committed terrible crimes, including rapes and murders, from 2016 to 2018. The community lived in fear as he targeted innocent girls, causing heartbreak and loss. Finally, justice was served when he was found guilty and sentenced to nine life terms in prison, bringing relief to the grieving families and a sense of safety back to the community. This victory shines a light on the importance of standing against violence and working together to protect the vulnerable.

street lighting community safety

Illuminating Cape Town: Lighting Up Safety and Community

Cape Town’s streetlight program shines brightly as it manages over 245,000 lights, making the city safer and more inviting, especially during the festive season. The community plays a vital role by reporting issues and staying alert, working together to protect these lights from theft and vandalism. With a focus on sustainability, the city is switching to energyefficient LEDs, reducing its environmental impact while keeping streets welllit. This initiative not only lights up the city but also brings people together, creating a warm and safe atmosphere that showcases Cape Town’s beauty at night.

housing development community empowerment

A Beacon of Hope: Gugulethu’s New Housing Project

The Gugulethu Infill Housing Project is bringing joy and hope to the community of Gugulethu, South Africa, by building 52 new homes for deserving families. This celebration marks a fresh start for many, especially the elderly and middleaged residents who finally have a safe place to call home. As they move in, they not only gain shelter but also a sense of belonging and stability. This project symbolizes the community’s strength and resilience, showing that together, they can overcome challenges and build a brighter future. The new homes are more than just buildings; they represent dreams coming true and a promise of better days ahead.

colonel celeste van der klashorst gender-based violence

Championing Justice: The Journey of Colonel Celeste van der Klashorst

Colonel Celeste van der Klashorst is a fearless leader in South Africa’s fight against violence and crime, especially those targeting women and children. With over thirty years of service, she created Child Protection Units and now leads the National SECI Unit, tackling serious issues like serial rape and child pornography. Her team’s recent success in a major operation has led to arrests and rescued children, showing the powerful impact of her work. Colonel van der Klashorst inspires others with her passion for justice, making her a shining example of hope and resilience in the battle for a safer society.