MyBroadband calculated how much more South African motorists will pay for fuel in January 2023 than they did in 2022.
South African motorists will see some relief from high petrol prices at the start of 2023. However, they will still pay as much as R148.80 more to fill their tanks than they did in January last year.Motorists in the country suffered the effects of higher petrol prices throughout 2022, with prices increasing by almost 20% between January and December 2022.fuel price changes for JanuaryThe retail prices for unleaded 93 and 95 will drop by R2.06 a litre from today, Wednesday, 4 January 2023.
Looking at petrol, South Africans were paying R19.36 per litre of unleaded 93 and R19.61 for unleaded 95 inland at the start of 2022. Several factors contributed to South Africa’s higher petrol prices in 2022, including supply constraints caused by the Russia-Ukraine conflict, the strong dollar, and the weakening rand.
Some good news is that the rand broke through R17.00 per dollar on Wednesday. It was trading at R16.82 at the time of publication. “The average Rand/US Dollar exchange rate for the period 2 December to 28 December 2022 was 17.2815 compared to 17.5338 during the previous period,” the CEF explained.
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