It's horrifying! SA braces for monstrous fuel price hikes. Oil hits 4-year high

It's monstrous!

On Wednesday, 3 October fuel prices will go up by R1.00 per litre, according to the Automobile Association of South Africa (AA).

The rand is weak, and oil prices hit a four-year high of $82.01 per barrel on Tuesday.

The Money Show’s Bruce Whitfield interviewed the AA’s Layton Beard.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

The gains we’ve made with the rand has been eradicated to an extent by international oil prices.

Layton Beard, Automobile Association of South Africa

We’ll probably be around the R1.00 mark… I think it [diesel] will be around R1.50… It is a monster increase…

Layton Beard, Automobile Association of South Africa

The outlook is bleak… If there’s an intervention it will be minimal…

Layton Beard, Automobile Association of South Africa

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
Eskom:  Some solutions right now

Eskom: Some solutions right now

What are the immediate and existing solutions to Eskom's generation issues?

How to know if your finances are on track after a lousy year

How to know if your finances are on track after a lousy year

How do you measure if you are financially on track after a lousy year?

Aramco is now the world's largest listed company

Aramco is now the world's largest listed company

This massive state oil producer is now the world's first $2 trillion company.

How this CEO is putting surplus power back into the Eskom grid

How this CEO is putting surplus power back into the Eskom grid

Is there an option for mass solar supply to South Africa in the near future? This entrepreneur thinks so.

Are banks and corporates allowed to activate early December payment?

Are banks and corporates allowed to activate early December payment?

Wendy Knowler looks into the practice of many banks and corporates of “unilaterally” activating an early debit for December payment.

Biggest fuel price hike in the history of SA coming in October, warns AA

Biggest fuel price hike in the history of SA coming in October, warns AA

Got a bad heart? Better not read this...

Popular articles
 Eskom buys fine coal that looks like baby powder when wet, says expert Ted Blom

Eskom buys fine coal that looks like baby powder when wet, says expert Ted Blom

Energy analyst Ted Blom weighs in on the energy crisis in South Africa as load shedding stage 2 is implemented.

Want to get rich? Got R100? You don’t need millions to start

Want to get rich? Got R100? You don’t need millions to start

Bruce Whitfield interviews Anthea Gardner, author of "Make Your Money Work for You: Think Big, Start Small".

What is a 'Modern African Gentlemen'? Mini SA asks a 'pretentious' question

What is a 'Modern African Gentlemen'? Mini SA asks a 'pretentious' question

Branding and advertising expert Andy Rice hates Mini South Africa’s new "Clubman Modern African Gentlemen Edition".

Now is the beginning of a new era - Jeff Radebe

Now is the beginning of a new era - Jeff Radebe

The longest serving minister in post-apartheid South Africa shares what he has described as an 'incredible' 25 years.

MultiChoice dumps all Steve Hofmeyr content from its platforms

MultiChoice dumps all Steve Hofmeyr content from its platforms

The pay-TV company has taken a decision not to air any past or future content containing the Afrikannas singer.

Is Kipi a ponzi scheme or not?

Is Kipi a ponzi scheme or not?

John Robbie spoke to Richard - a staunch supporter of Kipi (a financial social platform) about the credibility of this scheme.