CRA Personal Finance & Motoring Explored
We explore how much it costs to drive SA’s most popular cars right now as January has provided some good news for motorists in South Africa with across-the-board reductions in fuel prices, introduced last week.
The price of petrol dropped by between 68 and 71 cents a litre, with diesel down by between 67.8 and 69.8 cents a litre. While this will bring some relief at the start of the new year, motorists are still paying significantly more than they were a year ago, said the Automobile Association (AA) of South Africa.
It added that current high fuel prices must still be a driving force for a review of the fuel price structure, as well as an audit of the existing prices within that structure.
“We were pleased that our calls in this regard have reached the ears of the minister of finance, Mr Enoch Godongwana. We welcome his pre-Christmas comments that the fuel price structure needs a critical re-look, and we call on him to make quick work of this issue ahead of his 2022 Budget Speech in February.
“Apart from not increasing the existing levies on fuel at all during that speech, we would also like to see an announcement on concrete plans to review the fuel price before the end of the second quarter,” the AA said.
This is how the prices will reflect at the pumps when factoring in the slate levy and other costs.
|Fuel (Inland)||December official||January official|
|0.05% diesel (wholesale)||R17.92||R17.24|
|0.005% diesel (wholesale)||R17.97||R17.28|
The table below shows how much you pay to fill up your car’s tank with 95 and 93 unleaded inland in January.
|Tank size||93 unleaded||Saving in January||95 unleaded||Saving in January|
While it is impossible to accurately track exactly how much petrol you will consume due to traffic and road quality, it is possible to get a rough estimate of how these petrol prices will impact your current petrol allowance based on manufacturer estimates.
Below, BusinessTech looks at how much it will now cost you to travel 100km on South Africa’s roads right now in some of the country’s bestselling cars.
Ford Ranger 2.2TDCi double cab Hi-Rider – From R411,800
Renault Kwid 1.0 Expression – From R167,900
- 4.7 litres/100km
Toyota Fortuner 2.4GD-6 – From R599,000
- 6.8 litres/100km*
Toyota Hilux 2.4GD-6 Xtra cab Raider – From R486,700
- 7.1 litres/100km*
Volkswagen Polo Vivo hatch 1.4 Trendline – From R227,900
- 5.7 litres/100km
*Indicates a car has a diesel engine.
All prices are estimates and are based on the manufacturer’s average fuel consumption per/100km.
In each case, the manufacturer’s least expensive double-cab model was considered. 95 octane (R19.61) and 0.05% diesel price (R17.24) as of January 2022 were used for comparison purposes.
Read Also: Hassle-Free Holiday Vehicle Checklist
Article Credit to BusinessTech.
What is your view of the reduced fuel prices that came into effect at the beginning of January? Do you think the South African fuel prices are exorbitant? Do you know of any claims that were repudiated based on maintenance issues like bold vehicle tyres etc? Let us know in the comments below. Also, if you found our content informative, do like it and share it with your friends.
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