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Farmers, ordinary South Africans to bear brunt of March 2019 fuel price hike

Mar 5, 2019
Farmers, ordinary South Africans to bear brunt of March 2019 fuel price hike

Expect says latest fuel price hikes for March 2019 will have dire consequences for business and ordinary South Africans - and ultimately the economy. 

The expected increase in the price of petrol at 74 cents a litre and diesel around 91 cents a litre, will have a severe impact on the cash flow of farmers.

"Fuel and diesel are commonly used for tillage, harvesting, machinery and transportation, making them a critical component for both small-scale and commercial farmers, as well as the entire agricultural value chain," said Dawie Maree, Head of Information and Marketing at FNB Agribusiness.

"From a farm producer level, we are currently experiencing a late season whereby farmers are still using a lot of diesel.

"This follows the Budget Speech announcement that the fuel levy will increase by 30c/litre for diesel from 1 April 2019, which adds to the woes of producers."

Maree said furthermore, given that 70% of South Africa’s food is transported by road, the increase in the diesel price will have a negative impact on food inflation, and the disposable income of consumers who are already struggling to make ends meet.

Here is the official fuel price for March 2019

Based on current local and international factors, the fuel prices for March 2019 will be adjusted as follows:

  • Petrol (93 Octane): 74 cents increase
  • Petrol (95 Octane): 74 cents increase
  • Diesel (0.05% sulphur): 91 cents increase
  • Diesel (0.005% sulphur): 93 cents increase
  • Illuminating Paraffin (wholesale): 76 cents increase

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