expect big petrol price drops next week

The Automobile Association (AA) said that despite the recent weakness in the local currency, South Africans can still expect a sizeable reduction in fuel prices next week.

“Current unaudited data from the Central Energy Fund (CEF) is indicating significant reductions to fuel prices across the board, but specifically to the prices of petrol,” said the AA.

As the situation stands, Petrol 95 is expected to go down by around R2.35 per litre on the first Wednesday of September while Petrol 93 is set for a drop of R2.18 per litre.

Diesel owners can also expect relief at the pumps as current data shows a drop of between 77 to 87 cents per litre for this fuel type next week.

“Considering the expected decrease to ULP95, for instance, the price for this fuel will drop from its current R25.42/l to R23.07/l,” said the AA.

“This is cheaper than the June price of R24.17/l but still significantly higher than R21.84/l May pricing. It is also way off the January pricing of R19.61/l.”

Call to review petrol price calculation

The hopeful decrease in local fuel prices in September largely comes off the back of a downward trend in international oil prices during the month of August, which contributed around 94% of the expected reductions.

The average Rand/US dollar exchange is playing a smaller role, but still had a positive effect on the overall anticipated decreases, said the organisation.

“Although we are expecting fuel to be cheaper in September, we remain concerned about the overall high prices which impact all consumers,” said the AA.

“The price hikes in June and July will continue to impact the economy, and on the financial situation of all South Africans. A sustainable solution to mitigating rising fuel costs is still necessary and until that solution is found, citizens will be at the mercy of fuel price hikes.”

The AA insists the South African government initiate a transparent review of the country’s fuel price calculation to find this solution, as scrapping the General Fuel Levy will not yield the intended results, it said.

“We note the calls by those who say this is a way of reducing the fuel price, but in our view, this will not solve the problem; it will simply force government to find alternative ways to collect the revenue generated by this tax,” said the organisation.

“Instead, the structure and composition of the fuel price must be considered, along with a deeper interrogation of how government currently allocates its funds.”

MOTOR'S NEWS RELATED

Join Road & Track and Car and Driver on Our Annual Car of the Year Tests

Check out today's coolest new cars alongside editors at Performance Car of the Year, Lightning Lap, and 10Best Awards.

View more: Join Road & Track and Car and Driver on Our Annual Car of the Year Tests

Satisfying Subaru SUVs That People Love Driving and Owning

Satisfying Subaru SUVs that people love driving include the 2022 Crosstrek The 2022 Forester is another Satisfying Subaru SUV that people love Don’t overlook the 2022 Outback for a stress-free driving experience Subaru makes a reliable and safe sport utility vehicle, but that’s not all. These Satisfying Subaru SUVs ...

View more: Satisfying Subaru SUVs That People Love Driving and Owning

Holiday Rambler Eclipse RV Debuts With Theater Seats, Drop-Down Loft

It’s available with three different floor plans.

View more: Holiday Rambler Eclipse RV Debuts With Theater Seats, Drop-Down Loft

Genesis prices 2023 G80 electric car at $81,000, expands EVs to more states

Genesis on Thursday expanded the breadth and availability of its electric car lineup on its path to becoming a fully electric automaker by 2030. The luxury brand’s newest car, the 2023 Electrified Genesis G80, will cost $80,920 (including a $1,095 destination fee) when it goes on sale in September. The ...

View more: Genesis prices 2023 G80 electric car at $81,000, expands EVs to more states

This C5 Corvette Turned Off-Roader Could be Yours For Small Bucks

Photo: Caleb Hodshire/Facebook Fans of the Chevrolet Corvette and off-road vehicles now have a golden opportunity to combine their two passions for a small amount of money. A tuning enthusiast in Illinois, who specializes in Corvette conversions, is selling on Marketplace a fifth-generation (C5) 1999 Corvette built to venture ...

View more: This C5 Corvette Turned Off-Roader Could be Yours For Small Bucks

Audi heads to F1, 2025 Cadillac Celestiq, 2023 Electrified Genesis G80: Today's Car News

Audi confirmed it will enter F1 for the 2026 season. The automaker will team with a thus far unknown chassis partner to provide power units that will be built in Germany and run on synthetic fuel. Alfa Rome announced it will split with Sauber, and all points sign to Audi ...

View more: Audi heads to F1, 2025 Cadillac Celestiq, 2023 Electrified Genesis G80: Today's Car News

Genesis expands GV60, an electric SUV, availability to four more US states

Where is the Genesis GV60 available to buy Electrek’s Take Now might be your chance if you’ve been waiting to buy the Genesis GV60 EV SUV. The Korean luxury automaker announced Tuesday that its flagship electric SUV, the GV60, will be available in four more US states starting in ...

View more: Genesis expands GV60, an electric SUV, availability to four more US states

Our Long-Term 2022 Cadillac CT5-V Blackwing Is off to an Unforgettable Start

With our 668-hp, six-speed-manual sports sedan, the highs are high, and the lows are low.

View more: Our Long-Term 2022 Cadillac CT5-V Blackwing Is off to an Unforgettable Start

Dodge goes electric in style | Autoblog Podcast #744

Tested: Best Car Vacuums for 2022

China: Power to the people or to the carmakers?

Tesla premium connectivity through Starlink V2 confirmed

2022 Ford F-150 Lightning strapped to dyno despite challenges

1983 DeLorean DMC-12 with 5,397 miles for sale

Numbers of Koenigsegg CC850s increase to 70 due to high demand

Tech Deep Dive: What Makes the New Porsche GT3 RS the Most Extreme 911 Ever

4 Terrible 2022 Subcompact SUVs That Consumer Reports Predicts Owners Will Hate

Xiaomi in talks with BAIC to produce electric cars, says Bloomberg

Audi Has Decided to Enter Formula 1 in 2026 After Much Speculation

North Dakota Swing Ahead For WoO: What To Watch For

OTHER MOTO NEWS