Motorist are possibly in for another fuel price shock in May.

This follows last week’s surge in petrol prices, which saw motorists storming petrol stations.

Increases

According to the latest data (April 6) from the Central Energy Fund (CEF), motorists could face an increase of more than R13 per litre for diesel.

The Citizen reports that the CEF’s under-recoveries also indicate that petrol prices may rise by more than R4.30 per litre, adding further strain on households and businesses.

ALSO READ: WARNING: More pain at the pumps – this is how much you may pay for petrol and diesel in May

CEF data shows that under-recoveries in petrol prices have now reached between R4.30 and R4.70 per litre, while diesel has surged to about R13.07 to R13.13 per litre.

ALSO READ: Diesel price skyrockets from R22 to R33 a litre around Mbombela

Under-recoveries on illuminating paraffin are now amounting to R10.70 per litre.

Temporary relief

Earlier this month, the Department of Mineral Resources and Energy announced a temporary R3 price relief on the fuel levy for April.

ALSO READ: Fuel shortages and price hikes in Mbombela

Unless the department absorbs the minor reduction for May, the R3 relief will also kick in, slightly easing the spike in fuel prices, according to The Citizen.

How much will fuel cost you?

Based on current projections and without any further fluctuations or interventions:
• A litre of 93 unleaded petrol may cost R30.35.
• 95 unleaded petrol may reach R31.06 per litre.
• The wholesale price of 0.05% (500 ppm) diesel could rise to R41.97 per litre.
• 0.005% (50 ppm) diesel may cost R42.24 per litre.