Fuel prices expected to increase in September
Motorists are urged to brace themselves for a massive fuel hike next month.
MOTORISTS will have to dig deeper into their pockets in September as the fuel prices are expected to increase by a substantial amount.
This is according to Automobile Association (AA) which commented on unaudited month-end fuel price data released by the Central Energy Fund.
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Petrol users will be hit the hardest, with an increase of 61 cents a litre, while diesel is set to climb by 46 cents and illumination paraffin by almost 50 cents.
“International petroleum prices have remained on the plateau they reached at the beginning of August, and the average Rand / US dollar exchange rate has also shown little change,” said AA.
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The association added that the majority of the increase would be due to strength in international petroleum prices, with just four cents of the hikes due to Rand weakness.
“If oil continues to climb, South Africans should expect further pain at the pumps in the upcoming months,” said AA.
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