Petrol price hike in June

Motorists can expect a hefty increase in the price of petrol from June.

The petrol price will increase between 48 cents and 52 cents a litre in June, the Automobile Association of SA (AA) said.

Diesel is expected to rise between 52 cents and 56 cents per litre, and illuminating paraffin by 50 cents a litre.

“Despite the relative stability of the Rand/US dollar exchange rate, the basic fuel price has been driven upwards by increases in international petroleum prices,” said the AA.

“Although some price stability has been evident in recent days, a substantial appreciation in either the exchange rate or international pricing would be needed maintain the current fuel price come month end.”

via sabreakingnews