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

31 August 2018 10:19 AM
Tags:
Rand
Fuel
Petrol price
Diesel
Fuel prices
Oil
Petrol
Automobile Association
AA
Layton Beard

Petrol will cost more than R16 a litre in September for the first time ever. Bruce Whitfield interviews the AA's Layton Beard.

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:


31 August 2018 10:19 AM
Tags:
Rand
Fuel
Petrol price
Diesel
Fuel prices
Oil
Petrol
Automobile Association
AA
Layton Beard

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