The Road Freight Association (RFA) is one of the several industries that have welcomed the fuel price decrease expected this week.
The Central Energy Fund’s latest data predicts R2.18 per litre decrease in the price of 93 unleaded, R2.35per litre of 95 unleaded, between 77 and 87 cents for diesel and 82 cents for illuminating paraffin.
For Gauteng residents, this means you could pay at least R23 per litre at the pumps, compared to the current R25.42c per litre.
RFA Chief Executive Officer Gavin Kelly said any decrease in the cost of fuel, particularly large decreases will have a tremendous positive effect on transport costs and supply chains.
“While the price of fuel has dropped, the effects on the logistics chain should be felt in the coming quarter and will certainly make life slightly easier for consumers towards the end of the year.”
Kelly said with the fuel price decease, the tourism industry is set to benefit. “South Africans will now pay less for fuel than they did in June 2022. This will go a long way to placing downward pressure on inflation as well as the cost of logistics within South Africa, which is one of the key drivers of the items measured in the “inflation basket”.
The association has called on the government to speed up programmes that will make South Africa less reliant on fuel imports, by improving or expanding Sasol and similar manufacturing processes which include ramping up the introduction of suitable Electric Vehicle (EV) programmes.
Source: The Citizen, Eyewitness News, South African Live News, image from Twitter: Bay Bulletin