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Rand strength to ease petrol price hike in March – AA

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Cape Town – The Automobile Association (AA) expects the petrol price to increase by between three and four cents a litre in March following February’s 29c price hike.

Rising international petroleum prices are being offset by a stronger rand, the AA explained. The local unit was trading 1% firmer at R13.02 to the dollar at 11:25 on Wednesday.

It was citing unaudited mid-month fuel price data released by the Central Energy Fund.

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