AA predicts hefty fuel price hike

Comment on this story


sa petrol

.

Johannesburg - South African consumers could face yet another fuel price increase in March, the Automobile Association said on Friday.

This was because of strong international crude oil prices, which “had overpowered the appreciating rand”, it said in a statement.

“The Central Energy Fund data is currently suggesting a fuel price hike of up to 34 cents per litre for petrol, 26 cents per litre for diesel and 16c per litre for illuminating paraffin.”

There was little chance of either a surge in the rand's strength or a retreat in international oil prices.

“Unfortunately, we expect the fuel price increase for March to be in the region of the current numbers.” - Sapa


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks
Sudoku