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AA warns of sharp hike in petrol price

File


South African motorists can expect another petrol price increase in May.

The Automobile Association said data from the Central Energy Fund indicated a 52 cents a litre increase in the price of 93 93 unleaded fuel and 56 cents for 95 octane petrol.

Spokesperson, Layton Beard, said however that there will be some relief for diesel and paraffin users.

Diesel is expected to cost 31 and 57 cents less a litre for the different grades while illuminating paraffin is predicted to go down by 32 cents a litre.

Beard said the decrease in the price of diesel and paraffin is certainly good news, especially as the country enters colder months.

However, he said the increases in petrol prices will add more strain to already stretched budgets, saying there is no doubt that these are difficult times.

"The surge in international oil prices is the main driver contributing to the under-recovery in petrol while the average Rand/US Dollar exchange rate during April is actually providing some relief, without which the increases could have been higher."