Petrol price to skyrocket
This increase will see petrol prices at an all time record high.
Start planning your lift clubs or get out your walking shoes, as fuel prices are increasing to a record high in May.
An increase of around 49 cents a litre is expected as of May 2 according to the Automobile Association (AA).
Their earlier prediction of a 92 cents increase was luckily an error, which they said occurred due to an earlier closing off of the reporting period for fuel increases by the Department of Energy.
Diesel will be expected to increase by 60 cents and illuminating paraffin by 52 cents.
“Even with the revised data, these increases are significant and are attributable to a weakening Rand against the US dollar, and increasing international petroleum prices.
“We remain concerned about the increases, especially those to illuminating paraffin.
“Users of this fuel will be hit particularly hard as we head into the colder months where many households use this fuel for lighting, heating and cooking,” reported the AA.
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