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BusinessLive writes that things are looking unbelievably bleak for SA motorists as June is set to usher in a petrol price hike of huge proportions.
The government’s suspension of the general fuel levy will come to an end, meaning an automatic increase of R1.50 per litre. With a bullish dollar, floundering rand and surging international crude oil prices, South Africans could see the price of petrol rise by up to R3.50 a litre come month end. Economist Dawie Roodt indicated on Monday: “Based on information, about two days ago the petrol price would have increased by nearly R2 a litre in any event. We are talking about R2 plus R1.50, bringing it to R3.50. That is the increase likely to be seen per litre in June.” This means the country’s already cash-strapped motorists could be coughing up in the region of R25.50 a litre depending on the grade and region.
- Read the original of the short report in the above regard by Thomas Falkiner at BusinessLive
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