The fuel price is going up – have you filled up yet?

Driving just became more expensive for South Africans. From the first of this month (April) the General Fuel Levy increased by 5c per litre and the Road Accident Fund Levy increased by 15c per litre. And we can expect a further Carbon Tax increase of 9c per litre in June.

That hurts! And on top of that, toll fees were increased in March, too. Is it time to get a bicycle? According to Finance Minister, Tito Mboweni, to cost of the fuel levy, the RAF levy, the carbon tax, as well as customs and excise taxes would from April amount to R5.63 per litre for petrol and R5.49 per litre for diesel. A look at price of petrol on the AA’s website reveals that inland consumers paid R14.62 on fuel at the beginning of March 2019, and R13.86 at the beginning of February. From the first week in April we will see these costs increase across the country.

How SA’s fuel price compares globally

When compared to global fuel prices, our pricing is average. According to Bloomberg’s fuel price index reviews, we’re placed at number 20 for the world’s most expensive petrol, but at 56 in terms of affordability and 60 when it comes to the amount of income spent on fuel. 

When studying this list, it’s interesting to note that countries with a high standard of living, such as Hong Kong, Norway, Monaco and The Netherlands, all have the most expensive fuel. In these countries, the public transport system is so advanced and reliable that driving a car is a luxury not really necessary for most of the population. On the other hand, countries with the most affordable fuel generally have a low quality of life. 

Diesel vs petrol

As a motorist, you might be wondering if it’s better to trade in your petrol guzzler for a diesel guzzler. Diesel vehicles are usually more expensive than petrol cars and they’re definitely not environmentally-friendly. Before making this decision, it’s advisable to do your research – the higher cost of the diesel model you’re looking at might not be recouped by fuel savings. 

How to save money on petrol

One of the most important things you can make sure is your car services are up to date.
If your car is in good condition it would save money on petrol.

Consider investing in a more fuel-economic vehicle. Did you know MotorHappy also sells previously loved vehicles? Go to Cars.MotorHappy.co.za to start shopping.

Make use of the many fuel rewards programmes popping up in South Africa.Example; if you are a FNB client with Ebucks rewards you will be able to earn points at any Engen and pay for your fuel with those rewards.

Keep a close eye on your driving:
accelerate slowly, don’t speed, don’t rev your engine, and don’t leave your car idling.