Massive fuel price increase looming for South African motorists

SOUTH African motorists are in for a shock at the pumps in May as the fuel price is set to increase to record highs, increasing by almost R1/litre.

This thanks to an unprecedented weakening of the Rand against the US Dollar and sharp international oil price increases.

‘The outlook at mid-month of around a 50c/litre increase appeared manageable, but the sharp deterioration in the position of the Rand over the past week has been almost without precedent,’ said the AA.

Petrol is set to increase by 92 cents a litre, diesel by R1.07 and illuminating paraffin by R1.06.