Motorists Brace For Steep Fuel Price Hikes In February
Early projections for February's fuel prices suggest troubling news for motorists, with significant increases expected across all fuel grades.
If these predictions hold, it will mark the second fuel hike of the year, following increases in January.
The latest fuel price forecast indicates that 93 unleaded will rise by 69 cents per litre, while 95 unleaded will increase by 65 cents per litre. Diesel 0.05 is expected to go up by 70 cents per litre, and Diesel 0.005 could see a rise of 74 cents per litre, according to The Citizen .
Motorists could end up paying an additional R28 to R53 to fill their tanks, depending on the type of petrol and the size of the tank.
As reported by The South African , the weakening rand and international oil prices are key factors driving the rise in fuel prices. Currently, Brent Crude Oil is priced at 77.51 per barrel, while the rand is trading at R18.79 to the dollar.
