Another petrol price hike on the cards for July

The Citizen has previously reported that the fuel price could actually soon reach even R20 a litre.

There is unlikely to be any relief for under-pressure motorists, as the fuel price will simply keep heading north, The Sunday Independent reported.

New and increased taxes from government will be main culprits burning through your wallet.

Another hike is already on the cards for next month, of between at least 16c and 20c a litre, after reaching record highs this month, The Citizen reports.

Petrol had never before cost more than R15 a litre.

It could reach R18 by April due to fuel taxes that are expected to increase, as well as a new carbon tax that has been delayed for years.

The Citizen has previously reported that the fuel price could actually soon reach even R20 a litre.

The rand has also been losing strength. Economist Mike Schussler told the paper he expected the petrol price to pass R16 before the end of the year.

 

 

 

 

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