Buying more fuel less often? – Here’s how steep fuel prices at the pump are affecting fill-ups

Fuel prices have been steadily rising, which has led to a significant decrease in the amount of fuel purchased by South African motorists. According to Discovery Insure, fuel expenditure dropped by 33% in October following fuel increases that pushed 95 unleaded petrol prices above R30 per litre. The insurance company observed that motorists are now opting for smaller fuel transactions more frequently, averaging 31 litres per fill-up instead of the previous 36 litres.

This shift in buying habits has also led to an increase in the number of fuel station visits, with motorists making an average of three trips per month, up from 2.4. Despite these changes, everyday driving habits remain largely stable, with only temporary reductions in long-distance trips during colder months. Discovery Insure CEO Robert Attwell noted that drivers are adjusting their fuel purchases in anticipation of price increases, rather than solely reacting to them.

While fuel costs have risen sharply, with monthly expenditure increasing from R1,750 to between R2,500 and R2,700, many motorists are still feeling the financial pressure. Motorists are becoming more deliberate about their fuel purchases, particularly around payday, but the reality is that essential expenses, such as food and electricity, are taking priority.

Statistics South Africa reported that transport costs have increased by 10.8% year on year, more than double the overall inflation rate of 4.5%. This has placed a significant burden on households, as fuel prices add to the financial strain.