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FUEL PRICE UPDATE
Fuel prices are adjusted on the first Wednesday of every month, which is why all petrol stations are either swamped or empty on the Tuesday evening before as motorists try to fill up their tanks with the lower priced fuel or hang on until Wednesday morning to receive the new prices.
The fuel prices dropped in April and May, and it will be dropping again on Wednesday, but this will most likely be undone in July. Economists are preparing us for a major hike for July!
As News24 wrote:
The retail price of petrol will decrease by 8 cents a litre next Wednesday (June 5, 2013), while diesel will fall by 3.98 cents a litre.
However, the government warned that this month's weakness in the rand - now down at four-year lows - would affect July prices.
Fuel prices are adjusted on the first Wednesday of every month, which is why all petrol stations are either swamped or empty on the Tuesday evening before as motorists try to fill up their tanks with the lower priced fuel or hang on until Wednesday morning to receive the new prices.
