AA warns of hefty fuel price jump

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Cape Town - January 2017 will see the first of what the Automobile Association (AA) expects to be a series of fuel price hikes in the New Year.

The AA said on Thursday that unaudited month-end fuel price data released by the Central Energy Fund (CEF) showed substantial price increases for all types of fuel.

"The rand has weakened against the dollar since mid-December, while international petroleum prices have continued their upward march," the AA said.
 
"However, despite the rand's recent weakness, it was comparatively strong in the first half of December, and the anticipated fuel price rise is entirely attributable to petroleum strength."

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