Unexpectedly strong international fuel prices will hurt local motorists
Staff WriterUnexpectedly strong international fuel prices have raised the likelihood of an unwelcome fuel price hike for petrol users in May.
The figures suggests that petrol may increase by 56c a litre in May, while diesel is showing a reduction of 5c and illuminating paraffin is down by a cent. If the increases take place it will be the third successive increase in fuel prices in 2019. “Diesel’s smaller increase is likely due to variations in international refining capacity, as well as the approaching end of the northern hemisphere winter when demand for diesel for use in peaking power plants and as a heating fuel diminishes.”
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