JOHANNESBURG – The fuel price is expected to increase at the end of September.
According to the Automobile Association (AA), stronger international petroleum prices have contributed the bulk of the expected price increase.
The AA was commenting on unaudited month-end data released by the Central Energy Fund.
“The rand declined early in September against the US dollar, but has since strengthened,” the AA said.
“Only around 8c of this month’s increase will come from rand weakness. It is oil strength that has been the major contributor.”
Petrol is expected to increase by between 43c and 45 cents a litre, diesel by 23 cents, and illuminating paraffin by 22 cents.
“If the rand remains volatile, South Africans will be more exposed to changes in the oil price, and we advise motorists to continue to economise in the absence of a clear picture of what effect the OPEC decision may have,” the AA said.