AA expects petrol to increase by a whopping 74c in June

POLOWKANE – According to the Automobile Association (AA), trends are showing that another massive fuel price hike is likely at the end of May. The AA were commenting on unaudited mid-month fuel price data released by the Central Energy Fund.

You might also want to read: Here are your official petrol prices for May 2018

“Last month’s fuel price account was closed earlier by the Department of Energy, resulting in the postponement of a substantial 50 cent-per-litre increase brought on by a weakening Rand and rising international oil prices at the end of April,” the AA explains.

The AA says this means the country started the month (May) with a substantial fuel price deficit.

“In the first half of May, the fuel picture has continued to worsen, with steep oil price rises and ongoing weakness of the Rand against the US dollar,” they said.

South African fuel users are currently facing increases of 74 cents a litre for petrol, 81 cents for diesel, and 78 cents for paraffin.

[email protected]

For more breaking news follow us on Facebook Twitter Instagram or send us a message on WhatsApp 079 418 4404

  AUTHOR
Raeesa Kimmie
JOURNALIST (ONLINE)

Latest News

COMMENTS

Top
Recommended Story x
Fuel prices set to fall again in February

Thanks for your referral. We have no doubt your friends will love our newsletter as much as you!

Don't forget to verify your email.

to our FREE newsletter
SUBSCRIBE to our FREE newsletter.




SELECT your titles:

Capricorn Review
Review Online


Get regular news updates sent directly to your inbox.

Your source of local breaking news and trending stories from across the country.

Be a part of our growing community

1MILFacebook Fans
98KTwitter Followers
5MILMonthly Readers
12MILArticles Published Every Month
72Local Community Websites

SUBSCRIBE to our FREE newsletter

SELECT your titles:

Capricorn Review
Review Online

Get regular news updates sent directly to you inbox.

Your source of local breaking news and trending stories from across the country.

Be a part of our growing community

Subscribe Here
1MILFacebook Fans
98KTwitter Followers
5MILMonthly Readers
12MILArticles Published Every Month
72Local Community Websites
Your details:


Your friends: