Fuel price to reach record high
Projections according to the Central Energy Fund.
Motorists in Gauteng must brace themselves for a record-high petrol price in June.
According to the Central Energy Fund the rise in prices could be attributed to a steep increase in the price of crude oil and a weak rand. Between 52c and 56c are due to the higher crude-oil price, while between 30c and 31c can be attributed to the weak rand.
Read more here: The rand’s roller-coaster: The effect of Zuma’s presidency on SA’s economy
Petrol will increase by 83c per liter, diesel by 87c and illuminating paraffin by 80c.
The diesel price is also at a record high.
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