At midnight, the price of a litre of petrol went up by 96 cents while diesel also rose by 74 cents.
Unfortunately for most people, it’s only the beginning.
Economist Mike Schüssler foresees an increase next month.
“Next month we will certainly get another increase, this time, well over a rand. Eighty cents will come just from the budget increases that will certainly have a big impact because apart from that, we expect another 50 cents or so from the oil price having gone up.”