If the oil price continues recovering, the R4-a-litre saving motorists enjoyed between February and April could soon be erased. Picture: SUPPLIED
Based on current figures, petrol is set to climb to R1.59 a litre, diesel by R1.48, and illuminating paraffin R1.94 in the first week of July. “With world demand expected to continue to increase, South Africans must likewise expect the fuel price to gradually edge back towards pre-Covid-19 levels.” “South Africans are also benefiting from increasing rand strength, with the local currency having made up 60c against the US dollar since the start of June, and briefly breaching the psychological R17 to the dollar mark. In fact, the rand’s firmer performance in June has offset the fuel price increases by about 36c a litre to date,” the AA notes.
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