Petrol price set to increase on June 6
This follows the last fuel price increase at the beginning of May
More distressing news for motorists around the country is that the petrol price will be increasing again soon.
This follows the last fuel price increase at the beginning of May.
“The rand traded in a fairly narrow band against the US dollar throughout May. However, international oil prices have come under strong pressure, accounting for two-thirds of the price rise which will come into effect on Wednesday, June 6,” the Automobile Association (AA) said.
The Department of Energy’s monthly close-out happened early due to the public holidays in April, after which the rand lost almost 60 cents against the US dollar in the space of a day. This meant that a substantial fuel price rise was a near certainty from the start of May, the AA explained.
A large deficit carried over from April has also affected the price of fuel, the organisation said.
Petrol is expected to rise by up to 85 cents a litre, diesel by 87 cents and illuminating paraffin by 82 cents.
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