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
Comedy of errors suggests Standard Bank bond applicants have much to worry about

Comedy of errors suggests Standard Bank bond applicants have much to worry about

Only when consumer journalist Wendy Knowler chased Standard Bank did they admit wrongdoing that cost a client R41 000.

Prices are rising at 4% per year on average, much more slowly than expected

Prices are rising at 4% per year on average, much more slowly than expected

The Money Show’s Bruce Whitfield interviews Kevin Lings, Chief Economist at Stanlib Asset Management.

'Nobody can now claim to be exonerated by the Seriti commission'

'Nobody can now claim to be exonerated by the Seriti commission'

Bruce Whitfield interviews David Lewis (Corruption Watch) and arms deal activist Terry Crawford-Browne.

CR17: 'Face the nation! Tell us what happened! End this PR disaster'

CR17: 'Face the nation! Tell us what happened! End this PR disaster'

There was nothing illegal, yet the CR17 leaks is a PR disaster for Cyril Ramaphosa, says communications consultant Chris Vick.

Who gets the biggest cut of the billion dollar hair loss industry?

Who gets the biggest cut of the billion dollar hair loss industry?

Stem cells and 3D printing may give hope to those tearing their hair out trying to save theirs.

Meet Fred Roed, founder of 'Heavy Chef' (SA’s most popular monthly tech event)

Meet Fred Roed, founder of 'Heavy Chef' (SA’s most popular monthly tech event)

The Money Show's Bruce Whitfield interviews the author of "The Heavy Chef Guide to Starting a Business in South Africa".

Popular articles
Comedy of errors suggests Standard Bank bond applicants have much to worry about

Comedy of errors suggests Standard Bank bond applicants have much to worry about

Only when consumer journalist Wendy Knowler chased Standard Bank did they admit wrongdoing that cost a client R41 000.

'Nobody can now claim to be exonerated by the Seriti commission'

'Nobody can now claim to be exonerated by the Seriti commission'

Bruce Whitfield interviews David Lewis (Corruption Watch) and arms deal activist Terry Crawford-Browne.

Autopsy report confirms Selahle died of unnatural causes in police custody

Autopsy report confirms Selahle died of unnatural causes in police custody

Tshegofatso Selahle died on Sunday after being arrested by JMPD officers for allegedly skipping a robot in Johannesburg.

[WATCH] Ndlovu Youth Choir shines once again with latest AGT performance

[WATCH] Ndlovu Youth Choir shines once again with latest AGT performance

The inspiring South African choirU2's Beautiful Day at America's Got Talent quarter-finals.

Trevor Noah – 4th highest paid comedian on Earth – made R430 million in 2018

Trevor Noah – 4th highest paid comedian on Earth – made R430 million in 2018

Trevor Noah cracked Forbes magazine’s list of highest-paid stand-up comedians in the world.

SA’s richest woman opens up about being a refugee and becoming a billionaire

SA’s richest woman opens up about being a refugee and becoming a billionaire

Magda Wierzycka – Sygnia’s renegade CEO – on her attitude toward money (hopes and fears, successes and failures, etc.).

Former EFF MP: 'I didn't know where the money came from until it was leaked'

Former EFF MP: 'I didn't know where the money came from until it was leaked'

EFF member Tebogo Mokwele and Small Business Development Minister Khumbudzo Ntshavheni respond to leaked CR17 bank statements.

[WATCH] Father and daughter dance-off changes tune when she starts twerking

[WATCH] Father and daughter dance-off changes tune when she starts twerking

Khabazela shares tweets and Facebook posts that have gone viral.

Gauteng Liquor Act prohibits passengers drinking in vehicles, says MMC Sun

Gauteng Liquor Act prohibits passengers drinking in vehicles, says MMC Sun

When you do take a taxi, drink at your destination and not in the cars, says City of Johannesburg MMC for Safety Micheal Sun.