Expect another petrol price hike in March, full details here
Motorists will have to dig deeper into their pockets soon as a steep fuel price hike's expected in March.
The Automobile Association says according to unaudited fuel price data, a litre of petrol could cost 66 cents more.
Diesel's set to go up by 57 cents a litre and illuminating paraffin 49 cents per litre.
The Association says the Rand performed well against the US dollar this month but it was far below what the country needed to offset rising oil prices.
The AA says increased economic activity linked to the global roll-out of the COVID-19 vaccine can also be attributed to higher fuel costs.
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The Association says until oil supply and demand settle into stability, more hikes are likely.
"And, we cannot forget that April will already start with a significant addition of 26 cents a litre to fuel prices because of increases to the General Fuel and Road Accident Fund levies – inflicting further blows to already battered South African consumers," the Association concludes.
