Another fuel price increase is on the cards
There could be another sharp rise in the fuel price next month.
The Automobile Association is predicting the price of petrol will go up by 80 cents a litre, diesel by 61 cents a litre, and illuminating paraffin by 63 cents.
The projections are based on unaudited mid-month data from the Central Energy Fund.
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AA spokesperson, Layton Beard says the problem is international oil prices, which have been consistently climbing with each passing day.
"A general increase in positive sentiment as COVID_-19 vaccines are being rolled out has combined with upticks in global economic activity, pushing up demand for oil - and taking prices with it."
[FUEL PRICE OUTLOOK] Sharp rises in fuel prices are on the horizon: https://t.co/o1z46p2c51 #FuelPrice #SAFuel pic.twitter.com/FLAMCHZMbA
— AA South Africa (@AASouthAfrica) January 15, 2021
