“In a dramatic reversal of last month's oil swings, international product prices used to calculate SA's basic fuel price have nearly doubled since their lows at the end of April,” the AA explains.
SA motorists must brace for a bigger-than-expected petrol price increase next month after oil prices rebounded off their late-April crash.According to the AA the price of 93 unleaded petrol will rise about R1.03 per litre at the beginning of June, with 95 unleaded to increase around R1.13. Further bad news is that diesel — of which there is currently a shortage in the country — is expected to go up by about 13c a litre, after data from the Central Energy Fund initially predicted a 56c reduction.
“In a dramatic reversal of last month's oil swings, international product prices used to calculate SA's basic fuel price have nearly doubled since their lows at the end of April,” the AA explains. The AA says that despite this, SA motorists now have some unusual capacity to absorb fuel price increases, with most grades of fuel still more than R3 a litre cheaper than at the start of 2020. Many motorists are also driving far less due to the ongoing lockdown.
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