Another fuel increase expected in September
The Department of Energy is expected to announce a fuel price increase during the weekend which the Automobile Association has warned will take to record high levels in September.
The AA attributes the expected hikes to the weakening of the rand and increases in international oil prices, which have jumped by around 10% in the last month.
The Automobile Association says they expect all grades of petrol to increase in September.
Automobile Association Layton Beard says:”With the increases that we are predicting going into September it’s just going to take then further into those ranges.”
“We are looking at around R16 a litre or more for 93 unleaded inland which is going to take it over that R16 for the first time ever and that is a physiological barrier, the fuel across the country is just at record highs.”