PUBLISHER: Freight News (www.freightnews.co.za)
The massive price fuel increases announced by the Department of Mineral Resources and Energy (DMRE) on Friday will have a sharp and immediate effect on the poor and a long-term impact on inflation.
This was the warning from the Automobile Association (AA), which said the latest increases were above expectations and would hurt all consumers.
Fuel prices across the board will be adjusted at midnight on Tuesday.
Both grades of petrol will increase by R1.46/litre, diesel will increase between R1.44/l and R1.48/l and illuminating paraffin will increase by R1.21/l.
For the first time in history, 95 octane petrol inland will rise above R21 a litre, and by a significant margin.
As of Wednesday, fuel will cost R21.60/l while at the coast it will cost R20.88/l, the first time it has breached the R20/l level.