Petrol may rise by as much as 52 cents per litre next month, according to Tony Twine, an economist at Econometrix.
Twine explains: “We're looking at a 28 cents per litre increase in the petrol price, 18 cents for fiscal revenue and the Road Accident Fund and a further six cents, which is the National Energy Regulator of SA's pipeline tariff.”
“This all adds up to 52 cents per litre for petrol.”
Twine said the last time there had been an increase of a similar magnitude had been in 2008, when the crude oil price was shooting upwards.
“I think we hit a single month price adjustment of 60 cents per litre of petrol,” he added. - I-Net Bridge