Further fuel hike expected next month

Petrol prices increases next month

The South African Petroleum Industry says another petrol hike is in store for consumers next month. But Price and Taxation Adviser at the SAPI, Avhapfani Tshifularo, says it will probably not be as high as next week's whopping increase of 68 cents a litre. The Department of Minerals and Energy confirmed the increase yesterday.

It also confirmed a colossal hike of R1.30 in the retail price of diesel and an increase of R1.57 for paraffin. "We should still have another increase but probably not as huge as what we have seen in the past two months. For a liter of paraffin it is R10.18. That the government has said ... and you look at diesel ... already here in Gauteng the wholesale price is standing at R9.38. That is just the wholesale price, so I am sure the price of diesel in most of the places are already over R10.