HEFTY HIKE

…Fuel prices could reach record highs in April, warns AA

JOHANNESBURG - The Automobile Association (AA) expects a further hefty hike in fuel prices in April.

It expects the fuel price for April could be in the region of R17.32 per litre for ULP 95 inland. The previous high was R17.08 set in late 2018.

Commenting on Tuesday on unaudited month-end fuel price data released by the Central Energy Fund, the AA said petrol is set for a massive increase of 73 cents per litre, an increase of 39 cents for diesel, and 37 cents for illuminating paraffin.

Furthermore, the additional 27 cents to the General Fuel

Levy and Road Accident Fund levies announced by Finance

Minister Tito Mboweni in

February come into effect in

April and will add extra costs to every litre of fuel purchased, in addition to the increased levies, or between 35 percent prices will have widespread monthly adjustment. and 40 percent to taxes on negative consequences for ev

With the increase to the levevery litre purchased,” the AA eryone in the country, not just ies factored in, the AA expects said in a statement. for motorists.” The AA does not petrol could rise by as much as “The minor relief of the regulate or adjust fuel prices in

R1 per litre, and diesel by 66 pullback in petroleum and the SA, nor does it have any input cents per litre. The levies are exchange rate will be cold comin how the fuel prices are calnot added to the cost of illumifort to South Africans reeling culated. Fuel prices are offinating paraffin. from the ongoing economic cially calculated and adjusted

“With the increases to the damage being inflicted as a reon the first Wednesday of ev

NOTICE TO CREDITORS AND DEBTORS

levies, motorists will, from sult of Covid-19, and a decade ery month by the Department

April, be paying R5.96 per liof economic decline. of Mineral Resources and

IN THE ESTATE OF THE LATE MR AUGUSTINE

tre of fuel to the GFL and RAF “The increases to the fuel Energy.  – FIN24.