Fuel prices in South Africa are already near record highs and June could see one of the largest increases to date.
According to the Automobile Association, mid-month unaudited data is pointing towards petrol price increases of between R1.93 and R1.97 a litre while diesel is looking poised to rise by between R1.60 and R1.62, and illuminated paraffin by R2.14.
It must be noted, however, that final data may vary between now and the end of this month.
“In late March, the government reduced the GFL by R1.50 for April and May, which brought temporary relief to consumers. The big question now is how the government plans to deal with rising fuel costs from June onwards, especially given that baseline prices are forecast to move significantly upwards in June.”
This R1.50 “tax holiday” is set to expire at the end of May, and there is no word yet on any possible extensions or other significant relief measures.
