Relief at the pump expected as petrol price hikes ease

Motorists are in line for a fuel price relief in June after two consecutive months of increases.

The latest data from the Central Energy Fund shows that the prices of both grades of diesel will come down by about 4 rand 41 cents and 3 rand 52 cents per litre.

The over-recovery on the retail price for paraffin is also substantial, and will result in a price drop of 3 rand 71 cents a litre.

Meanwhile, the increase in the petrol price will be less pronounced next month at about 18 cents a litre for 95 Octane and 13 cents for 93 Octane.

SABC News Economics Reporter Nosipho Radebe has more details.

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