South African motorists are facing a devastating fuel price shock, with record increases set to roll out on 1 April.
Business Tech reports that the surge in prices, which may reach R10 per litre for diesel and nearly R6 for petrol, has sparked fears of a national crisis as consumer and business burdens mount in the face of escalating fuel costs.
Recent data from the Central Energy Fund highlights a dire scenario for the end of March. As the country prepares for the upcoming fuel price adjustment, the numbers indicate that petrol under-recoveries are hovering between R5.24 and R5.76 per litre, while diesel has deteriorated significantly, breaching the R10 mark with estimates between R9.86 and R10.00 per litre.
