Brace yourself for a huge petrol price increase in June

South Africans could see the price of petrol rise by up to R3.50 a litre come month end

The price of petrol could rise by R3.50 a litre in June. File photo: 123RF/JARUN

Things are looking unbelievably bleak for SA motorists as June is set to usher in a petrol price hike of huge proportions. suspension of the general fuel levy coming to an end — an automatic increase of R1.50 per litre. Add to this a bullish dollar, floundering rand and surging international crude oil prices, and .

“Based on information, about two days ago the petrol price would have increased by nearly R2 a litre in any event,” economist“We are talking about R2 plus R1.50, bringing it to R3.50. That is the increase likely to be seen per litre in June.” This means the country’s already cash-strapped motorists could be coughing up in the region of R25.50 a litre depending on the grade and region — coastal versus inland.

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BDliveSA /  🏆 12. in ZA

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