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Motorists expected to cough up as a litre of fuel fetches record-high prices in April

The Automobile Association (AA) says it expects a further hefty hike in fuel prices in April with 95 ULP heading into record territory when the Department of Mineral Resources and Energy makes the official adjustment next Wednesday. The AA was commenting on unaudited month-end fuel price data released by the Central Energy Fund. 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 monthly adjustment. According to the latest data, petrol is set for a massive increase of 73c/litre, diesel an increase of 39c, and illuminating paraffin an increase of 37c. With the increase to the levies factored in, petrol could rise by as much as R1/litre, and diesel by 66c/litre. The levies are not added to the cost of illuminating paraffin. 

Here are the big price hikes you can expect this month

Here are the big price hikes you can expect this month Subscribe April is known for being the month of price hikes in South Africa, as the government ushers in a new financial year – and a host of tax changes with it – while companies like DStv and Eskom also implement their price adjustments around the same time. While South Africans have been left battered by a year of Covid-19 and the lockdowns that have come with it, these hikes are largely unavoidable and will need to be taken on the chin. BusinessTech looked at some of the most notable increases below and how they will impact your finances.

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