Covid-19 Outbreak SA Online Resource | More info
Insurance, Car Insurance, Funeral Cover, Life Insurance, Budget Insurance, Insurance Quotes, CompareGuru, South Africa.
Car and Household
Business
Life and Funeral
Car Insurance
Cover your vehicle
More Information
Get Quote
Pre-Owned Warranty
Cover the mechanical and electrical components of your vehicle
More Information
Get Quote
Extended Warranty
Cover the mechanical and electrical components of your vehicle
More Information
Get Quote
Scratch and Dent
Cover small dents, chips and scratches to your vehicle
More Information
Get Quote
Tyre and Rim
Cover damages to your wheels
More Information
Get Quote
Home Insurance
Cover your home and everything in it
More Information
Get Quote
Commercial Vehicle Insurance
Protect vehicles and drivers used in the day-to-day operation of your business against risks like financial loss, damage or personal injury.
More Information
Get Quote
Commercial Insurance
Provide cover against common risks and disruptions to business operations, such as theft, damage to property, employee / client injury and much more.
More Information
Get Quote
Directors and Officers Liability
Safeguard your business and key players from financial loss with the right policy.
More Information
Get Quote
Errors and Omissions Liability
Covers your business and employees against claims of negligence, poor workmanship, and more.
More Information
Get Quote
Life Insurance
Provide for your loved ones
More Information
Get Quote
Disability Insurance
Protect your paycheck
More Information
Get Quote
Serious Illness Insurance
Cover yourself for illnesses like cancer, Alzheimers, Parkinsons, strokes or heart attacks.
More Information
Get Quote
Funeral Cover
Protect your family financially and cover funeral expenses
More Information
Get Quote
Domestic Worker Insurance
Cover the person that looks after you and your family everyday
More Information
Get Quote
Menu
Home
About Us
Domestic Worker Cover Quote
Life Insurance Quote
Car Insurance Quote
Funeral Insurance Quote
Extended Warranty Quote
Pre-Owned Warranty Quote
Scratch and Dent Quote
Tyre And Rim Quote
News Room
Meet The Team
Careers
Providers
Insurance
Car Insurance
Building Insurance
Household Contents Insurance
Life Insurance
Disability Insurance
Serious Illness Insurance
Domestic Worker Insurance
All Risk Insurance
Funeral Insurance
MotorVAPS Cover
Commercial Insurance
Commercial Vehicle Insurance
Directors and Officers Liability Insurance
Errors and Omissions Liability Insurance
Support
Contact Us
Terms of Service
Privacy Policy
Disclosures
Client Letter
POPI Act
PIA Act
CIM Policy
Complaint Escalation
TCF Form

News Room

Breaking News – September Petrol Price Revealed

Jason Snyman
2018-09-04
The Department of Energy left SA motorists to sweat over the weekend, but they have finally announced the September petrol price increase.

Well, they kept us waiting all weekend, but it’s that time again. It was speculated that the Central Energy Fund would announce the exact fuel price adjustments on Friday 31 August – in time for them to come into effect on 5 September – but that didn’t happen.

It was also expected that the price of fuel would go up by around 25c per litre, along with diesel by 28c and paraffin by 17c. Instead, the Department of Energy released a statement late on Monday afternoon to reveal that the price would instead be increased by 4.9c per litre – still due to come into effect on the 5th.

This puts the inland prices at:

  • 95 Petrol – R16.08 p/l
  • 93 Petrol – R15.86 p/l
  • Wholesale 0.05% Diesel – R14.41 p/l

While that may seem like cause for celebration, it really isn’t. The Department further stated;

Despite the fact that these increases were caused mainly by international factors, the department has decided to intervene temporarily for this month. This is a once off temporary intervention to provide some relief to motorists and consumers against fuel price hikes.”

As it stands, we’ve already seen the price of fuel rise by more than 27% since last year, and the impending escalation isn’t sitting too well with anybody. Economists have even warned that we could be looking at a price of almost R18 per litre by the end of 2018 and as much as R20 per litre by the end of 2019.

Fun times are ahead.

Of course, there isn’t too much we can do about it right now. South Africa is at the mercy of the international crude oil price. According to the Minister of Energy, Jeff Radebe, South Africa currently imports 49% of its crude oil from Saudi Arabia, 24% from Nigeria, 20% from Angola, 2% from Togo and 1% each from Equatorial Guinea, the United States, Cameroon and Ghana.

Adding to that, the rand’s weak showing against the US dollar is also a primary influencing factor, making the fuel problem in SA a very difficult problem to fix.

The fuel levy is the fourth biggest source of income for the government after income tax, company tax and VAT, and contributes 5% to national tax revenue.

CompareGuru Social TwitterCompareGuru Social FacebookCompareGuru Social LinkedIn

Sign up to our Newsletter now, and don’t miss a beat.

Email Address
Name
Sign Up