February 28, 2021

Petrol price increase: Motorists could potentially pay R17-per-litre in June

The petrol price looks set to rise again in June, marking a fourth consecutive increase since March

Being a motorist in Mzansi is a ghastly pursuit. The petrol price looks set to rise again in June, marking a fourth consecutive increase since March. It’s not news any of us wants to hear. Although petrol prices forecast for next month won’t rise as steeply as they did throughout autumn, the per-litre costs could rise by more than 30-cents-per-litre.

Why fuel costs are likely to increase next month

Despite an improved performance, it looks like a few things are working against South Africa’s road users. At a time where a good exchange rate could stop the rot, our rand remains rooted at over R14 to the dollar. Furthermore, an additional Carbon Tax is being added on to the standard price of fuel. The initiative was given the green light during the Budget Speech in February, and another nine-cents-per-litre is getting added on to the bill.

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