The pain and suffering continues for SA motorists as the price of petrol and diesel rises yet again for July 2022.

South African motorists are in for yet another month of fuel price increases in July 2022. The latest increases will see the price of fuel approach R27 a litre.

As it stands, the fuel price increases for July 2022 are as follows: petrol 93 will go up by R2.37, petrol 95 will go up by R2.57 per litre. The price ofdiesel also rise with0.05% sulphur going up byR2.31, while0.005% sulphur will go up byR2.30. Illuminating paraffin (wholesale) up by R1.66.

Back in April 2022, the SA government cut the petrol price levy by R1.50 a litre to try soften the blow, but from this week’s announcement, this cut will be reduced to 75 cents – further adding to the pain.

The price of petrol and diesel in South Africa is subject to the exchange rate (oil is purchased in dollars) as well as the price of the oil itself. The conflict in Ukraine has played a big role as Russia is the world’s 3rd largest oil producer and sanctions have blocked it from selling in Western markets.

At this stage, there seems to be no light at the end of the tunnel (could be loadshedding) and we’re expecting further increases to come.

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