SA on edge as monster fuel hike looms

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SA on edge as monster fuel hike looms
SA on edge as monster fuel hike looms

Africa-Press – South-Africa. Petrol prices may be hiked by close to R4 a litre on Wednesday – unless government steps in soon.

Fuel prices are usually adjusted on the first Wednesday of every month.

According to the latest data from the Central Energy Fund, petrol prices must be adjusted by R2.43 (95 unleaded) a litre and R2.31 (93) on Wednesday to compensate for oil prices and a weaker rand.

Combined with the fuel levy of R1.50, this would hike the price of 95 unleaded petrol by R3.92 from current levels, while 93 unleaded petrol would be R3.81 more expensive. Diesel prices could rise by more than R2.50 a litre.

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