Brace yourselves for pain at the pumps as the AA says the prices of petrol, diesel and paraffin are set to rise in August 2021.

Based on the unaudited month-end fuel price data released by the Central Energy Fund, motorists can expect big jumps in the price of petrol, diesel and paraffin in August 2021.

“The average Rand/US dollar exchange rate consistently trended upward during July and the weaker local currency will make it more expensive for South Africa to import fuel,” says the AA. The Association adds that over the same period, international oil prices averaged higher, despite a mid-month pullback.”

As it stands, the AA of SA is expecting around83 cents a litre higher for petrol, 48 cents a litre for diesel, and also 48 cents for illuminating paraffin.

It’s bad news and the continuing trend of constant increases does not seem to be stopping. The AA has been tracking the increases and says the price of petrol will have climbed almost 23% in just 7 months. Diesel meanwhile has climbed around 20% and paraffin will have increased by 30%.

“ULP95 cost R14.86 a litre in January compared to the expected new price of around R18.22 in August. In January a litre of diesel cost R13.00 compared to the expected August price of R15.56 a litre, while a litre of illuminating paraffin is expected to cost around R9.61 when the price is adjusted for August compared to its price of R7.39 in January. These increases will add to the heavy financial burden for South Africans already battered by weak economic conditions,” the AA concludes.

Further Reading

SA Petrol Price– Where Does Our Money Go?

5 Ways to Beat the Fuel Price Hike

Most Fuel Efficient Budget Cars in SA

Most Fuel-Efficient Double-Cab Bakkies in SA

5 Fuel-Saving Car Features & How They Work

Most Fuel Efficient Budget Cars in SA

Most Fuel Efficient Diesel Cars in SA

Most Fuel Efficient Petrol Cars in SA