CEF | RADIO 100.8 FM

“Mid-month unaudited data from the Central Energy Fund (CEF) is predicting the biggest fuel price hike in South Africa’s history by some margin,” reports the Automobile Association (AA) which has monitored the fuel price data from 1 September to date.

The AA said: “A spike in international oil prices and a huge swing in the Rand/US dollar exchange rate have combined to predict a knockout blow at the pumps at the end of September.

“Based on the current data, petrol users will be paying R1.12 more per litre.”

The AA says diesel users who will be hit hardest, with a possible price hike of R1.38 per litre, pushing diesel to within a whisker of R16 per litre.

How will you survive this massive fuel hike? How has it affected your monthly budget? Email us
The AA said: “To put this in perspective, should this increase materialise, it will push the price of 93 unleaded octane fuel inland close to R17
Continue reading…

The petrol price increase in March is expected to shock South Africans, with a hefty hike eclipsing original estimates.

It seems likely that rolling petrol price increases, last experienced in the latter half of 2018, are expected to make a dubious return this year – starting next month. While first estimates, released by the Central Energy Fund (CEF) earlier in the month, proposed a hike of 43 cents per litre for petrol and 60 cents per litre for diesel, recent revelations paint a grim picture for South Africans.

Petrol price increase in March
The Automobile Association (AA) of South Africa noted that a steady increase in international oil prices, coupled with a weakening rand – both experienced after the first estimate tabled by the CEF – had since altered original evaluations. The Energy Department has echoed the AA’s sentiments – pointing to mooted increases which almost double first guesses.

According to the Energy Departmen
Continue reading…