South Africans face renewed pressure at the pumps this month as petrol prices rise by R1.43 per litre, while diesel prices will decrease by R3.24 and paraffin by R5.96. The government has confirmed that temporary fuel levy relief measures will not be extended beyond June.
The increase comes at a time when households are already battling with a higher cost of living, with fuel prices affecting everything from food and transport costs to the price of everyday goods. Just last week the repo rate increased by 25 basis points.
But should motorists expect even higher fuel prices in the coming months?
