Johannesburg - South African motorists will be dealt yet another petrol price blow on Wednesday, May 1, with the price expected to rise by over 50 cents a litre, while current trends point to another possible increase in June thanks to a weak rand and surging international oil prices.
There will be some, albeit very slight, relief for those driving diesel-powered vehicles however as the price of diesel is expected to remain unchanged in May, give or take a cent or two.
This is the picture painted by late-month unaudited fuel price data released by the Central Energy Fund, which also points to a petrol price hike of around 53 to 54 cents a litre in May. The final prices are expected to be announced this Friday.
A 53c increase would push the price of 95 Unleaded up to R16.02 at the coast and R16.66 in Gauteng, with 93 Unleaded retailing at R16.47.
May’s fuel prices will be the second highest on record, coming close to the prices last seen in October and November 2018, when a litre of 95 (inland) cost R17.08.