Yet another fuel increase in April
Posted On June 12, 2024
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[{“type”:”text”,”content”:”The main drivers have been international petrol costs, as well as weaker domestic currency against the US dollar. For April the situation is further exacerbated by a few factors, notably the increase in the general fuel and road accident fund levies coming into effect as announced in the February National Budget, adding 16 cents and 11 cents, respectively, to prices. The blockage of the Suez Canal, restricting the movement of cargo worldwide, made oil a precious commodity, owing to supply constraints during the period.”,”position”:0,”id”:”pUFxoXjWqfUxRKIS”}]