Another petrol price increase on the cards in August
This expected increase could be even greater if the rand continues to fall or if the price of crude oil rises further
South Africans are paying over R16 per litre for fuel after July 4 and while that may seem unfathomable to some motorists, worse is still to come next month, with another price hike on the cards.
According to Efficient Group economist Dawie Roodt, the latest price hike may be followed by an increase of around 25 cents a litre in August.
Also read: Petrol Hike: Motorists are reminded of the petrol price increase at the end of this month
Also read: Fuel Hike: Petrol price to increase tomorrow
This expected increase could be even greater if the rand continues to fall or if the price of crude oil rises further.
“I really hope this doesn’t happen, as the cost of living is already so high,” said a concerned motorist.
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