Petrol price set to increase by midnight on Tuesday

As South Africans prepare for hike in value added tax (VAT), a hike in fuel prices kicks in on Tuesday night.

Motorists will have to pay 72 cents more for 95 octane, while 93 octane is going up by 69 cents from midnight.

Spokesperson at Automobile Association Layton Beard says this is a significant increase and comes off the back of an increase in international petroleum prices including other factors.

Even with that small increase, the VAT would have effected it going into April. The biggest bulk of the increase is due to the 52 cents a litre increases in the general fuel levy and the Road Accident Fund levy. So those indirect taxes really are comprising a big portion of the 72 cents we are going to see come 12 o'clock tonight.

Layton Beard, Automobile Association

The 1% point increase in VAT is obviously coming in at a time when these increases are coming into effect, so it's a double whammy for consumers.

Layton Beard, Automobile Association

Click on the link below to hear Beard's suggestions on how to save money on petrol...


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