Motorists may pay R17 a litre for petrol in October
The Central Energy Fund (CEF) has announced that South Africans may have to brace themselves for another petrol hike in October.
This could mean that motorists may pay as much as R17 a liter for fuel.
The main reasons for the increase, according to the CEF, is increasing international petrol prices and a continued weaker rand.
The report states that there is a R1.12 under-recovery for 93 and 95 grades of petrol and an under-recovery of R1.38 for diesel. If these levels are to continue motorists could pay a staggering R17 a litre for 95 octane fuel, and one cent under R17 for 93 octane .
Read the full story on: IOL.
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