Fuel Price set to Increase

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With lockdown set to move from level 4 to level 3, more movement can be expected on the road as certain industries are set to open and some people are expected to go back to work.

Grace time for motorists set to end in June according to Automobile Association (AA).

A hefty price hike is expected to see petrol rise with an increase of up to R1.18 a litre, with increases of around 22 cents for diesel and 41 cents for illuminating paraffin.

Meaning the price of 95 Unleaded petrol is set to rise to R12.70 at the coast and R13.40 inland, where 93 ULP will now cost R13.20.

The wholesale price of diesel, meanwhile, will go to R10.70 at the coast and R11.30 inland.

The association said it was to be expected that prices would fall considering low demand during level 4 & 5 lockdown, now that economic activity is set to increase the demand is also expected to increase.

According to the AA, crude oil prices, which are used to calculate petrol prices, fell as the demand for fuel fell.

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