Motorists are set to pay more at the pumps next month after two consecutive months of substantial fuel price cuts.
The irony, however, is that due to COVID-19 lockdown regulations, many car owners used very little petrol in April or so far this month to really benefit from cheaper fuel prices.
The Automobile Association reports that oil prices rebounded this month from their late-April crash while the Rand steadied around its new level.
This has resulted in a mixed picture for South African fuel users.
According to unaudited mid-month fuel price data released by the Central Energy Fund, petrol is set for an increase of up to 50 cents a litre.
However, diesel is heading in the opposite direction, with declines of up to 56 cents, matched by an anticipated 75-cent decline in the price of paraffin.
The AA said it expects fuel price volatility to be substantial and long-lasting as the world economy adjusts to the new reality of a spreading pandemic.
