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BusinessLive reports that SA motorists must brace for a bigger-than-expected petrol price increase in June after oil prices rebounded off their late-April crash. This will come after record fuel price drops in April and May.
According to the AA, the price of 93 unleaded petrol will rise about R1.03/l at the beginning of June, with 95 unleaded to increase about R1.13. Further bad news is that diesel — of which there is currently a shortage in the country — is expected to go up by about 13c/l. Despite this, the AA said SA motorists now have some unusual capacity to absorb fuel price increases, with most grades of fuel still more than R3/l cheaper than at the start of 2020. Many motorists are also driving far less due to the coronavirus lockdown. But the AA added: “Our concern, of course, is that the financial situation of many South Africans has changed for the worse in the past two months, with huge job losses and talks of across-the-board salary cuts. This could make South Africans sensitive to even small fuel price increases.”
- Read the full original of the report in the above regard by Denis Droppa at BusinessLive
- Read too, SA is hit by a diesel shortage, says Sapia, at BusinessLive
Get other news reports at the SA Labour News home page