Petrol price expected to continue increasing

The price of petrol has increased by 47 cents a litre while diesel will now cost motorists between 46 and 49 cents more per litre.

Economists have urged South Africans to tighten their belts as a 47c petrol increase takes effect on Wednesday morning.

Electricity tariff increases and a possible interest rate rise later this year could cripple already indebted consumers, especially in Gauteng as e-tolls remains a contentious issue.

“We see on a daily basis how bad the situation really is and a lot of people find themselves on the knife’s edge over being over indebted. We feel that this petrol price increase is just going to push a lot of people over the edge,” said Debt Rescue’s Neil Roets.

The price of petrol has increased by 47 cents a litre while diesel will now cost motorists between 46 and 49 cents more per litre.

The petrol price is expected to keep increasing.

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