Although there isn’t very far to go, more South Africans are able to get behind the wheel under Level 3. Just in time, the petrol price is back on the rise.
For the last two months, petrol prices have been dropping steadily, bringing the price lower than it’s been in years. However, many couldn’t enjoy this cheaper petrol as South Africa was still under stricter lockdown.
Petrol 93 and 95 will increase by R1,18, Diesel 0.05% by 22 cents and Diesel 0.005% 21 cents per litre. These new prices will go into effect on Wednesday, 3 June.
“The global lockdowns under Covid-19 saw fuel demand plummet. The resulting oversupply left storage bunkers full, with the extraordinary outcome that oil prices in the USA briefly dipped below zero,” the AA told BusinessTech.
While this is a sharp increase, it is nowhere near the price that patrol has fallen from so filling up your car at R13.40 a litre will still feel a whole lot better than the whopping R16 motorists were handing over before lockdown began.