Brace for petrol price increase, AA warns

File: The AA is forecasting that petrol will be increasing by around R1.73 a litre and diesel by R1.74.

File: The price at the pumps for 95 octane petrol in Gauteng is now R15.17/a litre.

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JOHANNESBURG - Brace yourselves for a big petrol price increase in June.

The Automobile Association says this prediction is based on unaudited mid-month fuel price data released by the Central Energy Fund.

READ: Petrol price to drop about R2: AA

The petrol price is expected to increase by about 50 cents a litre.

Diesel and paraffin could decrease by 56 cents and 75 cents respectively.

READ: Relief at the pumps as petrol prices drop

The projections follow price cuts in April and May.

Those resulted from the tanking of global oil prices as industries shut down for lockdowns around the world.

Source
eNCA