The Automobile Association of SA has shared some insights on potential increases and decreases in fuel prices as we head into April 2023.

For the official April fuel price please see the update on March 31 here

Based on the unaudited fuel price data from the Central Energy Fund (CEF), the Automobile Association (AA) says SA motorists should prepare for an increase of around 25 cents/litre in the price of petrol, however it’s not all bad news, as diesel should drop by 20 cents/litre. The price of illuminating paraffin is also expected to drop by around 68 cents/litre.

“The weaker Rand to US Dollar exchange rate is contributing to the increases in petrol and clawing back some of the decreases to diesel and illuminating paraffin, with lower international oil prices having the reverse impact. However, in the case of diesel and illuminating paraffin, the weaker Rand is not resulting in increases,” notes the Association.

As a reminder, these numbers are not confirmed and are based on the data right now in the middle of March 2023 and a lot can happen between now and the end of March. “Firstly, this data is mid-month, so the numbers should change positively before the official adjustment is made by the Department of Mineral Resources and Energy at month end. The second factor is that the Rand appears to be steadying against the US Dollar, which should bring further relief in specifically the petrol prices,” says the AA.

Interestingly, the fuel levies will not be increasing in April 2023 which helps ease the pain on South African motorists. “Fuel levies are traditionally increased in April, but the Minister of Finance heeded calls by the AA and in his February Budget Speech indicated that this will not happen this year. Although not a saving as such, any increases would have added additional pressure to fuel prices, and we again welcome his decision not to increase these rates for 2023.” said the AA.

Fuel Price Forecast for April 2023 in South Africa

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