South African motorists will be hit with another hefty fuel price hike in July, effectively wiping out most of the fuel price relief that lockdown brought.
Commenting on unaudited month-end data, the Automobile Association is predicting a petrol price increase of R1.73 a litre from next Wednesday, July 1, while diesel is set to go up by R1.74 a litre and illuminating paraffin by R2.14.
The latest increase will drive the price of 95 Unleaded petrol up to R14.43 per litre at the coast and R15.13 inland, where the cheaper 93 ULP grade will rise to around R14.93. This is just 78 cents less per litre than this year’s price peak of R15.71 for 93 ULP just before lockdown.
This means a tank of petrol will cost between R52 and R130 more, depending on what car you drive.