South Africa's Fuel Prices Set to Rise for Petrol, Drop for Diesel in June
SA's fuel price forecast for June
Image: Iol
In June, South African petrol prices are expected to reach record highs due to the end of fuel tax relief, while diesel prices may decrease significantly. The relief measures, announced in April, will be phased out starting June 3.
- 01Petrol prices in South Africa are projected to rise in June due to the end of fuel tax relief.
- 02Diesel prices are expected to decrease significantly as there is an over-recovery in the market.
- 03The Treasury's fuel tax relief will be halved on June 3 and fully removed by July.
- 04Mineral and Petroleum Resources Minister Gwede Mantashe advocates for a state-owned fuel company to address rising costs.
- 05The Central Energy Fund (CEF) data indicates these changes in fuel pricing.
Advertisement
In-Article Ad
South African petrol prices are anticipated to hit record highs in June, following the conclusion of fuel tax relief measures. The Central Energy Fund (CEF) reports an increase in petrol prices, while diesel is projected to become significantly cheaper due to a notable over-recovery. This temporary relief for diesel consumers will be overshadowed by the Treasury's phased withdrawal of fuel tax relief, which was initially announced in April. Starting June 3, the relief will be reduced by half, with complete removal set for July. In response to the ongoing fuel price challenges, Mineral and Petroleum Resources Minister Gwede Mantashe has reiterated the need for establishing a state-owned fuel company to ensure long-term solutions and decrease reliance on imports.
Advertisement
In-Article Ad
The increase in petrol prices will affect consumers across South Africa, leading to higher transportation and living costs.
Advertisement
In-Article Ad
Reader Poll
How do you feel about the rising petrol prices in South Africa?
Connecting to poll...
Read the original article
Visit the source for the complete story.