Massive October fuel price hike looms as petrol nears R30 a litre
Pretoria motorists could pay almost R3 more per litre for petrol in October, according to the latest fuel price projections.
Pretoria motorists could face a massive fuel price hike in October, with 95 petrol projected to climb to about R29.80 a litre inland.
Figures from the Central Energy Fund’s daily basic fuel price data for September 23 point to an increase of about R2.71 a litre for 93 petrol and R2.88 for 95 petrol. Wholesale diesel prices could rise by between R2.60 and R3.00 a litre, depending on the grade. cefgroup.co.za
At the projected increase, filling a 50-litre tank with 95 petrol would cost about R144 more than it does now.
Higher international oil prices have put pressure on local fuel prices, although a recent decline in oil prices could reduce the size of the October increase.
The projections may still change before the Department of Mineral and Petroleum Resources announces the official adjustment.
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