File: Illustration picture shows filling diesel in a car at a filling station.
JOHANNESBURG - The fuel price outlook is worsening and that's despite a ceasefire in the Middle East.
Diesel could climb sharply to near R40 a litre next month, while petrol edges closer to record levels.
Diesel is currently selling for close to R28 per litre after government provided relief of R3 in levy reductions in April.
The data suggests that Diesel prices could rise by up to R9.60 taking the price per litre to around R38.
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The coming days will determine if the outlook gets better or worse for motorists using Diesel.
The under-recovery for petrol which will need to be made up next month is R3.19 per litre.
If added to the current price for 95 unleaded petrol in Gauteng, it will cost R26.55 per litre.
That's very close to the record high of R26.74 that was recorded in July of 2022.