Fuel price to rise again from October 4

This is according to the Energy Department.

The price of 93 and 95 octane petrol will rise by 25 cents and 29 cents, respectively.

The price of diesel meanwhile, will rise by 42 cents per litre and the wholesale price of illuminating paraffin will increase by 39 cents, the department said.

It said that the average international product prices of petrol, diesel and illuminating paraffin increased during the period under review.

The average rand/US dollar exchange rate for the period September 1 to September 28 was R13.13 compared to R13.22 during the previous period.

More hikes

More bad news is that more hikes are “almost inevitable” before the end of the year, the Automobile Association (AA) said recently.

“The first half of September saw the rand appreciate against the US dollar, but this trend has been reversed since September 12, with the weaker currency eating into its earlier gains,” the AA said.

“The current rand trend is strongly weaker, and we expect it to have an even bigger impact on fuel users in the medium term.”