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petrol priceslatest news & developments
Motorists can expect relief at the fuel pumps in October, with the price of all grades of petrol and diesel set to decrease from Wednesday
93 OCTANE

Petrol prices set to decrease by R1.14 from Wednesday

The department of mineral resources says the decrease is the result of lower global crude oil prices and a stronger rand

  • Umamah Bakharia
2 min read
Since it became clear that the country had moved past the worst of the cost-of-living crisis, the question has been, “When will things get better?” (Waldo Swiegers/Bloomberg via Getty Images)
COST OF LIVING CRISIS

A ‘resilient’ economy still feels the pinch

The government should stand between us and inflation’s constant battering

  • Editorial
3 min read
ANNABEL BISHOP

Inflation eases to 11-month low

The rand strengthened ahead of Wednesday’s inflation data, but it still held above R19 against the dollar

  • Sarah Smit
2 min read
Transport, which has previously been the largest contributor to the headline rate, increased by 11.1% year-on-year and contributed 1.6 percentage points. Photo: (Delwyn Verasamy, M&G)
FOOD INFLATION

Inflation continues its decline

The inflation rate fell for a third consecutive month, as petrol price cuts provided some welcome relief

  • Sarah Smit
3 min read
COUNSELLING

Debt counselling inquiries jump by 30%

An increasing number of inquiries for debt counselling are from first-time home and car buyers who took advantage of low interest rates during Covid-19

  • Anathi Madubela
7 min read
The inflation number was in line with consensus expectations, which took into account July’s petrol price hike. During that month, fuel prices rose by more than 10%, with the price of petrol going up by more than R2 a litre. Photographer: Dwayne Senior/Bloomberg via Getty Images
COVID 19

Inflation hits 7.8% – a level not seen since the global financial crisis

Labour unions have embarked on a nationwide strike over the high cost of living

  • Sarah Smit
2 min read
The Reserve Bank has maintained the repo — at which it lends to commercial banks — steady at 8.25% for five consecutive meetings, since hiking it by 50 basis points in May 2023.
AUTOMOBILE ASSOCIATION OF SOUTH AFRICA

South African inflation hits the highest mark since 2009 joining global economy struggles against rising food and fuel prices

Consumer inflation surged again, after piercing the South African Reserve Bank’s ceiling for the first time in five years

  • Sarah Smit
3 min read
Despite earning less than R5 000 a month, more than half of South Africa’s Generation Z are somehow saving up to R1 800 a month.
BENAY SAGER

Money stress: More women than men are feeling the pinch

Most respondents to a DebtBusters survey are anxious or uneasy about the state of their finances

  • Sarah Smit
2 min read
BUREAU FOR ECONOMIC RESEARCH

South Africa’s factory gate inflation set for another rise

Producer price inflation reached 13.1% in April, marking the highest print since 2012

  • Sarah Smit
2 min read
The Reserve Bank has maintained the repo — at which it lends to commercial banks — steady at 8.25% for five consecutive meetings, since hiking it by 50 basis points in May 2023.
BANK OF ENGLAND

At 6.5%, inflation seals another ‘aggressive’ interest rate hike

Inflation has breached the ceiling of the Reserve Bank’s target range for the first time in more than five years

  • Sarah Smit
6 min read
Since it became clear that the country had moved past the worst of the cost-of-living crisis, the question has been, “When will things get better?” (Waldo Swiegers/Bloomberg via Getty Images)
BUREAU OF LABOUR STATISTICS

SA inflation eases slightly in January

The slowdown was helped by lower fuel prices. But this relief was temporary, as February saw another petrol hike

  • Sarah Smit
2 min read
Motorists can expect relief at the fuel pumps in October, with the price of all grades of petrol and diesel set to decrease from Wednesday
ZUMAUNREST

Fuel shortages loom as unrest forces SA’s largest refinery to shut

Sapref declares force majeure, shutting down 35% of SA’s fuel supply

  • Sarah Smit
3 min read
Fuel has become one of the largest monthly expense items for many households.
AUTOMOBILE ASSOCIATION

Why motorists are paying more for petrol

Steep fuel price hikes are the result of higher levies, which came into effect this week, as well as a turbulent international oil market

  • Sarah Smit
3 min read
(Delwyn Verasamy/M&G)
AUTOMOBILE ASSOCIATION

Blow to consumers as fuel price hits historic high

The department of energy has attributed this increase in fuel price to the weakening rand exchange rate.

  • Gemma Ritchie
3 min read
(Dan Kitwood/Getty Images)
AGRICULTURE

Too soon for Ramaphoria to boost weak economy

Weak annual growth will put the 2018 fiscal targets outlined by the treasury in the February Budget under strain

  • Lynley Donnelly
3 min read
Gabon’s President Ali Bongo Ondimba (Michael Nagle/Bloomberg/Getty Images)
AUTOMOBILE ASSOCIATION

Breakdown: Why is petrol so pricey?

Wondering why petrol is so pricey? The AA has published a breakdown to educate consumers on how the fuel price is determined

  • Fin1
3 min read
Motorists can expect relief at the fuel pumps in October, with the price of all grades of petrol and diesel set to decrease from Wednesday
PETROL

AA warns petrol price could skyrocket to R16 a litre

If the rand’s depreciation continues unchecked, a petrol price of R16 per litre is possible in the medium-term, says the Automobile Association.

  • Sapa
1 min read
PETROL PRICES

Petrol price to drop

The price of all grades of petrol will drop by 27 cents a litre on June 2, the Energy Department said on Friday.

  • Staff Reporter
1 min read
PETROL PRICES

Petrol price to rise again

The retail prices of petrol will increase by 14 cents a litre for all grades on May 5, the Department of Energy announced on Friday.

  • Staff Reporter
1 min read
PETROL PRICES

Govt announces petrol price increase

The price of petrol will rise by between 48 cents and 49 cents a litre on April 7, the Energy Department said on Wednesday.

  • Staff Reporter
2 min read