According to the Automobile Association (AA), the price of petrol is expected to climb again in May.
Rising international oil prices continue to do battle with gains in the Rand/US dollar exchange rate.
“We are seeing a gradual, but sustained return of strength to petroleum prices,” the AA says.
“On the international market, diesel and petrol prices have risen since late February.
“The appreciation of the Rand against the US dollar has gone some way to offset this, meaning that diesel and illuminating paraffin are heading for reduced prices, while petrol is set to climb,” the association adds.
Current data predicts a petrol price hike of between 17c and 18c a litre, while diesel and illuminating paraffin are set for drops of 11c to 12c.
“Both the exchange rate and international oil prices continue to be volatile, and the month-end picture could be quite different from the current one,” the AA concludes.
