Fuel prices are set for another hike at the end of January, according to the Automobile Association (AA), following a hefty increase at the beginning of the year.<\/p>\n
The association was commenting on unaudited mid-month fuel price data released by the Central Energy Fund (CEF).<\/p>\n
“The rand\/US dollar exchange rate has firmed slightly since the start of January 2017,” the AA said. “But international oil prices have surged ahead by a far greater margin.”<\/p>\n
The AA is predicting that petrol is set to jump by 44 cents, diesel by 37 cents, and illuminating paraffin by 31 cents.<\/p>\n
“There is always the hope that the spike in international oil prices will not persist, but that seems unlikely,” the Association said.<\/p>\n
“South Africans should already be thinking of trimming any unnecessary expenses to accommodate a series of fuel price hikes which seem likely in the medium term,” the AA concluded.<\/p>\n
This is how the price could reflect at the pumps (wholesale for Diesel):<\/p>\n
| Fuel<\/th>\n | January official<\/th>\n | February expected<\/th>\n<\/tr>\n |
|---|---|---|
| 95 Petrol<\/td>\n | R13.33<\/td>\n | R13.77<\/td>\n<\/tr>\n |
| 0.05% Diesel (wholesale)<\/td>\n | R11.42<\/td>\n | R11.79<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n \n |