fb
AA Vehicle Rates Calculator

Rates Calculator

Roadside Assistance

Roadside Assistance

Emergency Services

Emergency Services

AA Auto Centre

AA Auto Centre

AA Financial Services

AA Financial Services

AA Travel

AA Travel

Call me backCALL ME BACK

I need help choosing a product

  • MOBILE NUMBER *
  • PLEASE SELECT A PRODUCT

 

Global oil prices strode higher during July, setting the stage for fuel price increases in August despite a surprise upside from the Rand. This is according to the Automobile Association which was commenting on unaudited month-end fuel price data released by the Central Energy Fund.

As matters currently stand, petrol is likely to increase by between nine and 16 cents a litre, diesel by up to 48 cents, and illuminating paraffin by 43 cents.

"Oil traded in a fairly tight range throughout July, but it was a substantial climb at the beginning of the month, plus some recent volatility, that combined to push prices higher," the AA says. It notes that diesel and illuminating paraffin have been more affected by these swings than petrol.
The Association says that the steady strengthening of the Rand during July appears to confirm the view of some economists that the currency is undervalued.

"The Rand gained eight cents against the US dollar during July and the average exchange rate has firmed to below R16.90. With so much negative news surrounding the economy, the Rand’s firmer trend is welcome, but we would like to see the government support this trend in the area of economic policy certainty," The AA says.

The Association says without the Rand’s good performance this month, the increases would have been higher, and they are solely attributable to increasing oil strength.

"With the level of global economic turmoil that currently prevails, predicting a ‘normal’ band for oil is near-impossible; we advise motorists to be pragmatic about the possibility of further increases, and to plan their budgets accordingly," the AA concludes.

 

Tools & Calculators
What is your Emergency?
The Automobile Association of South Africa

For over 90 years, we’ve provided you with roadside rescue and security, so you know you can rely on the Automobile Association day and night.

We aim to empower you as a road user and add value to your life with our products and services.

Decrease in fatalities welcome – but more needs to be done

The small decrease in the number of fatalities on South African roads between the December 2022 and January 2023 festive period and the 2023/2024 period is commendable and signals a slight improvement in road safety efforts by authorities. However, the Automobile Association (AA) remains concerned that the deaths of 1427 road users during the festive period is still too high, and that more needs to be done to effectively deal with road safety in South Africa. Transport Minister Sindisiwe...

2024 to start on positive fuel note for consumers

Despite the volatile Rand and concerns around shipping routes in the Red Sea, local fuel prices are still expected to decrease when they are adjusted by the Department of Mineral Resources and Energy next Wednesday. Commenting on unaudited data from the Central Energy Fund (CEF), the Automobile Association (AA) says the numbers are still pointing to reductions to fuel prices across the board.   According to the CEF’s figures, ULP95 petrol is expected to be lower by around 54cents a litre while...

Good fuel news for motorists to start 2024

South African motorists can expect significant fuel price reductions to kick-off 2024 says the Automobile Association (AA). Commenting on unaudited data from the Central Energy Fund (CEF), the AA says both grades of petrol, diesel, and illuminating paraffin prices are showing substantial decreases that will ease the financial pressure on consumers in January. “According to the data, ULP93 will decrease by around 68 cents/litre, and ULP95 will decrease by 82c/l. Diesel is set to decrease...