Petrol price hike on the cards

The petrol price will increase between 48 cents and 52 cents a litre in June, the Automobile Association of SA (AA) said

“Despite the relative stability of the Rand/US dollar exchange rate, the basic fuel price has been driven upwards by increases in international petroleum prices,” said the AA in a statement..

“Although some price stability has been evident in recent days, a substantial appreciation in either the exchange rate or international pricing would be needed maintain the current fuel price come month end.”

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