South African motorists have been warned to brace for a massive fuel price hike in April, driven by a perfect storm of global conflict and local tax adjustments, which is likely to break their budgets.
According to the Central Energy Funds CEF mid-March data, petrol and diesel prices are showing massive under-recoveries due to the United States and Israels ongoing war in Iran.
CEF forecastThe data from the CEF show that 93-octane petrol has an under-recovery of 387, while 95-octane petrol has an under-recovery of 427.
