From Wednesday next week (August 4), motorists can expect to pay more than R18 for a litre of petrol.
Higher oil prices and a weaker rand are the reason for this hefty hike.
Preliminary data from the Central Energy Fund show the price of both 93 and 95-grade petrol will increase by up to 80 cents, with diesel increasing by 46 cents. Paraffin will increase by 47 cents.
Prices at the pumps are now the highest they’ve ever been in South Africa.