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R8-per-litre petrol price hike on the cards for South Africa | SA News

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South Africa could be facing a petrol price hike of up to R8 per litre this April.

According to Biznews’s Alec Hogg, the cost of Brent Crude oil has skyrocketed over the last week, going from R954 per barrel to R1,328 per barrel.

This has been exacerbated by the rand, which has weakening against the US dollar.

“The higher price of oil is particularly important here in South Africa. Our petrol and diesel prices are based on the rand cost of oil,” he…

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