More petroleum cost torment anticipated at May as oil costs flood

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The most recent information delivered by the Focal Energy Asset on April 12 suggests a critical petroleum cost is looking likely for May. The ongoing month-normal information focuses to increments of 70 pennies for 95 Unleaded petroleum and 77 pennies for 93 Unleaded, yet with the most recent everyday numbers showing an under-recuperation of somewhere in the range of R1.13 and R1.21, it’s potential drivers could confront an increment of more than R1 per liter in the event that latest things continue.

On the diesel front it’s a piece harder to call, however it seems a little reduction might be on the cards. Current information is highlighting a decrease of around 30 pennies for 50ppm, but the most recent day to day information shows a little under-recuperation, which could prompt a more modest reduction before the month’s over.

A liter of 95 Unleaded petroleum at present costs R22.32 at the coast and R22.97 inland, where the less expensive 93 octane costs R22.64. An increment of R1 would push the cost of 95 ULP up to around R24 in Gauteng, successfully sending it back to where it was in June last year, before petroleum rose to a record high of R26.74 in July 2022.

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