Petrol is expected to increase by between R1.93 and R1.97 a litre
Current unaudited data from the Central Energy Fund points to huge fuel price increases across the board for June.
“In late March government reduced the general fuel levy by R1.50 for April and May which brought temporary relief to consumers,” the AA said. Based on current, unaudited data from the Central Energy Fund petrol is expected to increase by between R1.93 and R1.97 a litre, diesel is expected to increase by between R1.60 and R1.62 a litre, and illuminating paraffin is expected to climb by a whopping R2.14 a litre, the AA said.
“The two main factors which influence local fuel prices are the rand/US dollar exchange rate and international oil prices. The rand is now trading weaker against the dollar and oil prices are also still high. Given this, the outlook for June’s fuel prices does not look positive,” the AA said.
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