Petrol is set to increase in February 2021, Automobile Association (AA) says.
It is that time of the year again when almost sad news to South African motorists will have to pocket extra amount to buy petrol and diesels to get to their destinations.
Petrol 95: From R14.86 to R15.64
Petrol 93: From R14.69 to R15.48
Diesel: From R13.00 to R13.60
Illuminating Paraffin: From R7.40 to R8.02
AA is one of the organizations that have been hit hard by the Covid-19 pandemic, this process to increase prices is to recover costs. Eskom is one of the amongst companies set to increase costs paid by consumers.
Many companies are at cry due to the fact that the country is back at level 3 of lockdown risk adjusted strategy amid Covid-19.
However, the mid-month prices provide a strong indication of moving trends. Prices are affected by two main components such as the rand also dollar exchange rate, and the changes to international petroleum product costs, largely driven by oil prices.