Petrol price may increase again in June

Petrol price may increase again in June

The Automobile Association (AA) predicts more expensive petrol for June.

Petrol Increase

The AA says halfway through the month of May, it sees a mixed outlook for fuel prices come next month.

 

AA spokesperson, Layton Beard, says the organisation foresees an increase in the petrol price of up to 50 cents per litre.

 

"This isn't great news, but it is a trend that is reversing because of an uptake in international economic activity, and because of that there is going to be an increase in oil demand," says Beard.

 

Beard explains diesel is expected to decrease by up to 56 cents a litre and a decrease of 75 cents per litre for illuminating paraffin.

 

He adds the country will get a clear picture of the increases or decreases during the last weekend of the month.

 

The new fuel prices will come into effect on Wednesday, the 3rd of June.  

 

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