Global fuel prices unchanged. But in SA it becomes more expensive than ever

Pummelled. That’s how motorists will feel next week.

Layton Beard, Automobile Association

At the beginning of the year, it cost you R600 to fill a 50-litre tank. Now it’s going to cost you R820 to fill that tank…

Layton Beard, Automobile Association

If we get to 5% growth per year the problems disappear. The problem is getting to 5% growth.

Bruce Whitfield, The Money Show

Fuel will continue to get more expensive due to the weak rand, says the Automobile Association (AA).

Globally, fuel prices have remained almost unchanged on average in August.

However, the rand tanked, pushing up the price of fuel.

The AA expects petrol to increase by between 23 and 25 cents a litre, pushing the it above R16 a litre for the first time ever.

It expects a diesel to be about 28 cents per litre more expensive.

The outlook for in September and beyond looks bleak, says the AA.

It does not expect a return to “cheap” fuel.

The Money Show’s Bruce Whitfield interviewed Layton Beard, Spokesperson at Automobile Association.

Listen to the interview in the audio below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Do insurers try to find reasons not to pay?

Do insurers try to find reasons not to pay?

Dr Maritha van der Walt (Convenor of the Medical Underwriting Standing Committee at Asisa) answers 5 FAQs about life insurance.

'I challenge you to attack me at the commission under oath!'

'I challenge you to attack me at the commission under oath!'

It’s becoming increasingly clear why the EFF is doing this, says The Money Show's Bruce Whitfield.

Despite what you may think, you have no idea what a kilogram is

Despite what you may think, you have no idea what a kilogram is

It has been the same for 130 years but was changed in November.

Stephen Koseff opens up about life after 40 years at Investec

Stephen Koseff opens up about life after 40 years at Investec

The Money Show’s Bruce Whitfield interviews Stephen Koseff about life at the helm of Investec.

Momentum to pay all violent crime claims, regardless of previous medical history

Momentum to pay all violent crime claims, regardless of previous medical history

The Money Show’s Bruce Whitfield interviews Johann le Roux, CEO at Momentum Life.

Ermahgerd! Black Friday! It’s time to lose our sh**

Ermahgerd! Black Friday! It’s time to lose our sh**

It’s time for Black Friday, an imported tradition South African consumers have made their own, says Kali Moahloli of GfK SA.

Popular articles
[LISTEN] 'Zuma's  affidavit in aid of Tom Moyane is a fascinating move'

[LISTEN] 'Zuma's affidavit in aid of Tom Moyane is a fascinating move'

Journalist at Daily Maverick’s Investigative Team Scorpio Pauli Van Wyk shares her take on this development.

Momentum to pay all violent crime claims, regardless of previous medical history

Momentum to pay all violent crime claims, regardless of previous medical history

The Money Show’s Bruce Whitfield interviews Johann le Roux, CEO at Momentum Life.

Plans to deny foreign children birth certificates violates Constitution - group

Plans to deny foreign children birth certificates violates Constitution - group

Lawyers for Human Rights says government's bid to discontinue birth certificates for foreign children born in SA is unlawful.

Bara doctor takes medical aid to court for denying him 'pricey' cancer treatment

Bara doctor takes medical aid to court for denying him 'pricey' cancer treatment

Dr Sipho Bvuma says Gems has refused to pay for his expensive brain cancer treatment, which he believes will prolong his life.

[WATCH] An  excruciating moment as  woman jumps into frozen lake...ouch!

[WATCH] An excruciating moment as woman jumps into frozen lake...ouch!

Khabazela shares tweets and Facebook posts that have gone viral.

'Momentum did nothing wrong, legally. But the man died protecting his family!'

'Momentum did nothing wrong, legally. But the man died protecting his family!'

The Money Show’s Bruce Whitfield interviews consumer journalist Wendy Knowler.

Markus Jooste will absolutely hate this book by FM Editor Rob Rose

Markus Jooste will absolutely hate this book by FM Editor Rob Rose

Financial Mail Editor Rob Rose talks about his book, “Steinheist: Markus Jooste, Steinhoff and SA’s biggest corporate fraud”.

6 mistakes people in their 20s make with money

6 mistakes people in their 20s make with money

Sam Beckbessinger, the author of “Manage Your Money like a F*cking Grownup,” has some tips, so you don’t have to live with regret.