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INSIDE YOUR BUSINESS- Fuel increases to weigh heavily on freight costs, consumers – RFA

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GUEST - Gavin Kelly - Road Freight Association (RFA) CEO

The increase in fuel prices for September will force transporters to increase their pricing to cover the higher diesel costs, member organisation Road Freight Association (RFA) CEO Gavin Kelly says. The Department of Mineral Resources and Energy has announced that the diesel price will increase by R2.76 a litre for September.

That will raise inland pump prices to R23.05 and R23.28, respectively. The Central Energy Fund attributed the price hikes to rising international fuel prices and the weakened rand. Kelly informs that these prices were last seen in June 2022, the first in a four-month climb that saw diesel prices reach heights of R25.74 in November 2022. July 2022 had also reached R25/ℓ. Road freight transporters use both petrol and diesel – but diesel is the main fuel in most road operations, Kelly points out.
6 Sep 2023 4PM English South Africa Business News · Investing

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