Mid month data published by the Central Energy Fund points to yet another petrol price hike in May – though it will be at lower level than recorded over the last few months.
Prices expected to rise
The CEF data shows an under-recovery for both 93 and 95 petrol with prices expected to rise between one and six cents per litre. Diesel drivers can expect a reprieve from price hikes, with the data showing an over-recovery for 0.05% and 0.005% at around 32 cents per litre.
• Petrol 95: increase of 6 cents per litre;
• Petrol 93: increase of 1 cent per litre;
• Diesel 0.05%: decrease of 31 cents per litre;
• Diesel 0.005%: decrease of 32 cents per litre;
• Illuminating Paraffin: decrease of 26 cents per litre.