2017 to kick-off with a series of fuel hikes: Economist

Petrol is expected to increase by 51 cents a litre, diesel by around 40 cents, and illuminating paraffin by 43 cents.

Experts say the rand has weakened against the dollar since mid-December, while international petroleum prices have continued moving up. 

Economist Dawie Roodt says the new year will not be kicking-off on a joyous note, as consumers may have to tighten their belts even further from next month. He adds that there's an additional increase expected around March. 

"Also keep in mind that the Minister of Finance in the February budget is likely to announce a further increase in the tax on petrol, so expect an additional increase to the petrol price in March - when an additional tax kicks in as well," he said.

Roodt has this piece of advice for consumers on how to cope with the price increases.

"The best that individuals can do in SA is to make sure that you plan properly, because that is the only way you will be able to save financially," he said.