Petrol predicted to hit R19 by end of 2018

Petrol price is set to increase for the fifth time this year due to a weaker rand.

Deputy editor at Finacial Mail Sikonathi Mantshantsha says he is predicting that South Africans will be paying R19 per litre of petrol by the end of 2018.

The rand weakened to about R14 after Argentina increased its interest rate to about 60%.

Sikonathi Mantshantsha, deputy editor at Financial Mail

I expect the Energy Minister to announce 17 cents per litre increase for the price of petrol...

Sikonathi Mantshantsha, deputy editor at Financial Mail

To hear the rest of the conversation with Sikonathi Mantshantsha, listen below:


This article first appeared on CapeTalk : Petrol predicted to hit R19 by end of 2018


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