AA predicts another fuel increase
South Africans may have to tighten their wallets once again as the AA predicts another increase in the fuel price.
ACCORDING to the Automobile Association (AA), fuel prices are likely to rise again at the end of July.
The Association was commenting on unaudited mid-month fuel price data released by the Central Energy Fund.
“International oil prices see-sawed during the first half of July, but remained within a fairly narrow band and did not contribute substantially to the price rises we are anticipating for next month,” the AA explained.
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The Association said the current data suggests a price rise of 19 cents a litre for petrol, 13 cents for diesel, and 22 cents for illuminating paraffin.
“The increases have brought the issue of fuel costs firmly into the public domain and we believe now is a good opportunity for government to revisit the issue of the fuel levies with a view to reducing them significantly, especially as this is a cost it has control over,” concludes the AA.
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