Big petrol price hike coming next week
The latest data from the Central Energy Fund shows that motorists in South Africa’s fortunes have turned, and drivers should prepare for a sizeable increase in petrol and diesel prices next week.points to a petrol price jump of almost 60 cents per litre, while diesel is expected to climb by around 30 cents per litre.
Oil prices, meanwhile, are contributing to a bigger under-recovery, ranging from 35 to 68 cents per litre. The number of virus-related deaths and severe cases at hospitals in China is now 70% lower than peak levels in early January, authorities said late Wednesday. That should aid recovery in mobility and fuel consumption in the biggest oil importer.
“Any increases to fuel prices now, at a time when South Africans are grappling with, among other issues, financial pressures and rolling blackouts, is unwelcome. We again want to urge the government to revisit the fuel pricing structure with a view to finding ways to mitigate against this and other possible increases in future,” it said.
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