Prepare for a hefty fuel price hike

2014-02-28 12:19

South African consumers could face yet another fuel price increase in March, the Automobile Association (AA) has said.

This was because of strong international crude oil prices, which “had overpowered the appreciating rand”, it said in a statement.

“The Central Energy Fund data is currently suggesting a fuel price hike of up to 34c per litre for petrol, 26c per litre for diesel and 16c per litre for illuminating paraffin.”

There was little chance of either a surge in the rand’s strength or a retreat in international oil prices.

“Unfortunately, we expect the fuel price increase for March to be in the region of the current numbers.”

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