Another fuel hike on the way

The fuel price increase for August was expected to be lower than predicted in the mid-July data, the Automobile Association of SA said on Thursday.

“The average exchange rate has remained steady since our update of two weeks ago, but the important factor has been a flattening of international petroleum prices,” the AA said.

“This has allowed the petrol price in particular to make up some lost ground, with data currently predicting 93 octane petrol to remain largely unchanged, while 95 octane is set to increase by about three cents per litre.”

The AA said the increase of the diesel price was likely to be 10 cents per litre and eight cents per litre for illuminating paraffin.

The AA had earlier predicated that the petrol price could rise by 26 cents per litre at the end of the month.

Earlier this month, the petrol price increased by 29 cents.

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Another fuel hike on the way