Huge petrol price hike from Wednesday — but it could have been much worse

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Huge petrol price hike from Wednesday — but it could have been much worse
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This is how much more you will pay to refill your car with petrol from Wednesday, 1 June 2022.

The steep increases were driven by the Brent Crude oil price increasing from $104.78 to $115.00 compared to the previous assessment period.Fortunately, theannounced earlier today that the reduced general fuel levy would be in place for another month.

The department also scrapped the demand-side management levy of 10 cents per litre on unleaded 95 petrol, providing a tiny bit of extra relief. That avoided a potential devastating petrol price hike of close to R4, which would have been around a 20% increase. The R1.50 reprieve will be extended until 6 July 2022 and then reduced to 75 cents until 2 August 2022.The table below shows how much more it will cost to refill petrol tanks of various common sizes at an inland fuel station in June 2022.

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