Petrol price expected to increase to above R23 a litre

The Department of Mineral Resources and Energy is today expected to announce this month's adjusted fuel prices as South Africans face a high cost of living and energy crisis. It is anticipated that the price of petrol will increase beyond R23 a litre, and diesel is expected to decrease by between 31 cents and 57 cents a litre. The cost of illuminating paraffin is slated to come down by around 32 cents a litre. The Automobile Association (AA) says the decrease in diesel and paraffin prices is certainly good news, especially as the country enters colder months. But the increases in petrol prices will add more strain to already stretched budgets, and consumers are advised to revise their budgets accordingly. To talk more about what to expect and the cost to consumers, we are joined by Dawie Roodt, Chief Economist at Efficient Group. Good morning.

[stevenjuan]

Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.

[darrenjacobs]

Let's put our heads together people for 2024.

[j.j.swanepoel]

There's a border where the people will have to stop adjusting their lifestyle to fit the government's narrative. The government needs to learn how to budget and they need to know what's going on.

[perumalgovender]

So sad for us we servive with the grant which is R2080 and utility bills come to R1800 and funeral policy and forget about food. We are truly suffering.

[reubentrotter]

Our wonderful ANC government will do what they want. Ranting by the citizenry is a waste of breath and energy.

[christinevandermerwe-glsm]

Thank you anc!!!! Highest power and petrol prices in the world with highest unemployment figure!!!!

[creightonattorneysgauteng]

...the SA Post Office business plan 🎉🎉🎉🎉🎉🎉

[sibusisonyandeni]

It's the sad story for thus fuel increase and we are disappointed by the ruling party a such when unemployment also rise

[riaanvantonder]

Mindlo whay don't you go stay in the bush my man

[misssmithy]

Oh 😳 Africa just can't get a chance

[Macedonia]

I am currently in Italy. The petrol price over here is the Rand value of approximately R43 per litre. The petrol price in South Africa is still some of the cheapest in the world.... Count your blessings....