Fuel prices set to increase in August

Higher international fuel prices and a weakening Rand/US dollar exchange rate have increased the likelihood of an increase in the price of fuel for August. This is according to the Automobile Association (AA) which is commenting on unaudited mid-month fuel price data released by the Central Energy Fund (CEF).

“There was a slight decrease in the international petrol price, but diesel and paraffin are up. Meanwhile, the rand’s slip against the US dollar added around 17 cents a litre to fuel prices across the board,” the AA comments.

“As a result, our mid-month prediction is that the petrol price is set to increase by up to seven cents a litre based on the current data, with diesel up 22 cents, and illuminating paraffin 19 cents higher.”

The AA says international petroleum product prices have generally trended towards higher prices during July, while the exchange rate picture trends towards weakness, adding that a continuation of these trends can cause even higher fuel price hikes by month-end.

“As we have previously noted, the fuel price relief of recent months is unlikely to be sustained, and motorists should be prepared to pay more at month-end,” the AA concludes.

find your
dream home

looking for an
affordable
apartment

List your Property

It's easy in only three
simple steps...

find professional
services in
your area

Locate a business
operating in
your area

List your Business

Want more customers? They're online right now, searching for businesses like yours. Place your ad now...

Latest News

COMMENTS

ReviewCapricorn Voice BosveldBonusAutodealer.co.za
Top
Recommended Story x
Fuel price set to drop in July

Thanx for your referral. We have no doubt your friends will love our newsletter as much as you!

Don't forget to verify your email.

SUBSCRIBE
to our free NEWSLETTER
!
SUBSCRIBE to our FREE newsletter.




SELECT your titles:

Capricorn Review
Review Online


Your details:


Your friends:

I didn't sign up for this
I'd like to see and read more... (Please indicate in comments section below)
I'm relocating (Please indicate where to)
Other