JOHANNESBURG - According to the Automobile Association, petrol is set to rise by around 30 cents, diesel by 41 cents, and illuminating paraffin by 37 cents at the end of September.
The AA stated that the rise in fuel price can be attributed to stonger international oil prices and the weakening rand.
The statement from the AA further said, "This month's figures show just how vulnerable South African fuel users are to stronger fuel prices and Rand depreciation. With the USA eyeing interest rate increases, and global oil markets remaining buoyant, our view is that further fuel price hikes are almost inevitable before year end."
- BUSINESS REPORT