Cape Town – South Africans are likely to face fuel price increases from early May, with petrol expected to rise by about R1.85 per litre and diesel by roughly R4.50, based on late-April data from the Central Energy Fund.
The increases come despite a temporary fuel tax relief introduced on April 1, which has now been extended into May to cushion consumers.
Estimated prices could reach around R24.38 per litre for 95 Unleaded at the coast and over R25 inland, while diesel may approach R30 per litre wholesale, pushing pump prices even higher.
Global oil price volatility, driven by the Middle East conflict, remains a key factor, although a mid-April dip in Brent Crude offered some relief. Further reductions in tax relief are expected from June, with a full removal planned by July.
Follow African Insider on Facebook, X and Instagram
Picture: Pixabay
For more African news, visit Africaninsider.com
Compiled by Betha Madhomu
