Few things in life are assured. Death, taxes, and South Africa’s rising petrol costs, however, are. April 2023 is no different, according to the Central Energy Fund’s (CEF) latest data — captured on 13 March.
Compared to last week’s predictions, prices aren’t looking as bleak but don’t get too excited. Petrol drivers are still absorbing the brunt of the Department of Energy’s might. Should the CEF’s predictions hold true until the first Wednesday of the new month (5 April), diesel and paraffin buyers face a decrease in costs.
All signs point to a petrol increase
Your bank account hasn’t suffered a mortal wound yet. The CEF’s figures are merely predictions – based on the current US Dollar/Rand exchange rate and the international price of refined oil. And with South Africa’s economy faltering at the slightest hiccup, the CEF’s predictions could drastically change from one week to the next.
The new month’s fuel costs are officially decided by the country’s Department of Energy at the beginning of the month – after it looks at all the facts.
Here are your fuel price predictions (so far) for April 2023:
- Petrol 95: increase of 30 cents per litre (R0.30)
- Petrol 93: increase of 29 cents per litre (R0.29)
- Diesel 0.05%: decrease of 14 cents per litre (R0.14)
- Diesel 0.005%: decrease of 16 cents per litre (R0.16)
- Illuminating Paraffin: decrease of 60 cents per litre (R0.60)
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We’re still hopeful that South Africa will make changes that’ll placate the CEF and, by extension, April’s petrol prices. For now, keep those hopes and dreams tamped down. There’s still a fortnight to endure before the Department has its way with our prices.
Source: Central Energy Fund
