The petrol price increase in March is expected to shock South Africans, with a hefty hike eclipsing original estimates.
It seems likely that rolling petrol price increases, last experienced in the latter half of 2018, are expected to make a dubious return this year – starting next month. While first estimates, released by the Central Energy Fund (CEF) earlier in the month, proposed a hike of 43 cents per litre for petrol and 60 cents per litre for diesel, recent revelations paint a grim picture for South Africans.
Petrol price increase in March
The Automobile Association (AA) of South Africa noted that a steady increase in international oil prices, coupled with a weakening rand – both experienced after the first estimate tabled by the CEF – had since altered original evaluations. The Energy Department has echoed the AA’s sentiments – pointing to mooted increases which almost double first guesses.
According to the Energy Departmen
Continue reading…