Dawie Roodt, chief economist at Efficient Group, has stated that South African motorists can expect a big petrol price increase in September 2018.
Roodt’s statement follows the confirmation from the government that petrol prices will only increase by 1 cent a litre at the start of August.
Diesel prices will drop marginally from next month, too, going down 4 cents per litre.
Roodt predicts that the price of petrol, diesel, and illuminating paraffin will be hit by a “substantial hike” in September, though.
Neil Roets, CEO at Debt Rescue, said local motorists could see a double-digit increase.
This will be influenced by “how the currency performs over the next month”, and the fact that “there is strong pressure by oil-producing countries for a hike in the price of crude”.
The latest prediction also follows 93 and 95 grades of petrol going up by 26 cents and 23 cents a litre respectively on 4 July 2018.