Motorists to prepare for another fuel price hike

Motorists to prepare for another fuel price hike

According to mid-month fuel data, South Africans are in for another fuel price increase next month.

Expected fuel and price hike
Gallo images

Economist with Efficient Group, Dawie Roodt, says motorists can also expect to be dealt another blow in the form of inflation.

"We had quite a substantial increase in fuel last month and it doesn't look too good for this month either. I'm expecting another fuel price increase in the region between 80-cents and R1 a litre and that is going to add to upward pressure on the economy and that's certainly not good for the average consumer." 

Meanwhile the Automobile Association says the movement of the exchange rate as well as international oil prices account for the likely increase in the petrol price.  

ALSO READ: Another increase in fuel prices expected, in March

In a statement, the AA says based on unaudited fuel price data released by the Central Energy Fund - petrol is expected to increase by 98-cents a litre, diesel by 70 cents and illuminating paraffin will see an increase of 63 cents.

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