Petrol Price Shock Looms As Fuel Levy Relief Is Cut

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petrol price shock looms as fuel levy relief is cut

More pain lies in store for struggling households from Wednesday when the price of petrol rises sharply and the general fuel levy relief is halved.

This will cause ripple effects throughout the economy.

The price of petrol will increase by R1.43/l for both 93 octane and 95 octane, but the price of diesel will fall sharply by R3.24/l for 0.5 sulphur and by R2.61/l for 0.005 sulphur. The decline in the diesel price will have a positive impact on industry.