Automobile Association's (AA) Layton Beard discusses the factors behind the impending increase in fuel prices.
Though he explains we face a 7 cent decrease in the price of petrol and a 9 cent increase in diesel prices, the new carbon tax will hike the overall costs, says Beard.
Come 5 June, when the price is adjusted, there will be this additional carbon tax which will be added to the fuel price - 9 cents in the case of petrol and 10 cents in the case of diesel.— Layton Beard, Spokesperson - AA
But this picture will change by the end of the month, he says.
The exchange rate will change and international petroleum prices will change and we'll probably have a clearer picture towards the 27, 28 of May of exactly what the increase or decrease will be in June. But it is likely to only be marginal.— Layton Beard, Spokesperson - AA
Listen to the interview below:
This article first appeared on CapeTalk : June petrol price hike on the cards but likely marginal says AA