The fourth consecutive fuel hike in 2019. South Africa will be hit by yet another hefty petrol price increase in May, marking the fourth consecutive fuel hike in 2019.
The Central Energy Fund (CEF) has released its latest report on fuel concerns and, unfortunately for South African motorists and general consumers alike, the news is grim. Earlier this month we reported that, due to a number of compounding factors, the cost of fuel would increase by an estimated 55 cents per litre in May.
Mid-month estimates leave a lot of room for ever-changing variables and, as such, are generally regarded as considered guesstimates, rather than official proclamations. In this case, however, the mid-month data released by the CEF correlates directly to the organisation’s latest report; a report which is almost guaranteed, sans governmental intervention, to reflect the costly reality of pump prices in May.
Reasons for the upcoming petrol price increase
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