Brace yourself for a huge petrol price increase in June
South Africans could see the price of petrol rise by up to R3.50 a litre come month end
16 May 2022 - 13:47
byThomas Falkiner
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The price of petrol could rise by R3.50 a litre in June. File photo: 123RF/JARUN
Things are looking unbelievably bleak for SA motorists as June is set to usher in a petrol price hike of huge proportions.
It’s an economic perfect storm: thanks to government’s suspension of the general fuel levy coming to an end — an automatic increase of R1.50 per litre. Add to this a bullish dollar, floundering rand and surging international crude oil prices, and South Africans could see the price of petrol rise by up to R3.50 a litre come month end.
“Based on information, about two days ago the petrol price would have increased by nearly R2 a litre in any event,” economist Dawie Roodt told news site EWN on Monday.
“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 — coastal versus inland.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Brace yourself for a huge petrol price increase in June
South Africans could see the price of petrol rise by up to R3.50 a litre come month end
Things are looking unbelievably bleak for SA motorists as June is set to usher in a petrol price hike of huge proportions.
It’s an economic perfect storm: thanks to government’s suspension of the general fuel levy coming to an end — an automatic increase of R1.50 per litre. Add to this a bullish dollar, floundering rand and surging international crude oil prices, and South Africans could see the price of petrol rise by up to R3.50 a litre come month end.
“Based on information, about two days ago the petrol price would have increased by nearly R2 a litre in any event,” economist Dawie Roodt told news site EWN on Monday.
“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 — coastal versus inland.
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