Motorists paying more for fuel, as inflation quickens slightly
Motorists are paying
more for fuel than they would have over a year ago.
Data released by the Stats SA on Wednesday show that motorists were on average paying 2.3% more for fuel compared to March 2020.
The price of fuel for April, reached a record high when it increased by a whopping R1 a litre while diesel increased by between 63 and 65 cents.
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“This is the first time in 12 months that fuel prices have increased on an annual basis. In other words, for the first time in a year, motorists are paying more for fuel than they were 12 months before,” says Chief Director for Price Statistics Patrick Kelly.
Meanwhile, headline consumer inflation quickened from 2.9% in February to 3.2% in March.
The slight increase means inflation is still within the South African Reserve Bank’s target range of 3–6%.
