Fuel price set to increase again, says AA

“”International oil prices see-sawed during the first half of July, but remained within a fairly narrow band and did not contribute substantially to the price rises we are anticipating for next month. “The big news is again on the Rand front. The local currency started this month with a deficit thanks to several days of losses against the US dollar at the end of June. However, the Rand clawed back some of these losses during a period of unusually flat trading in the first half of June,” said the association, commenting on an unaudited mid-month fuel price data released by the Central Energy Fund.

The current data suggests a price rise of 19 cents a litre for petrol, 13 cents for diesel, and 22 cents for illuminating paraffin.

How to improve your motor vehicle fuel efficiency

The association added that if the prevailing Rand and fuel price trends persist for the rest of July, the fuel price increase may be lower than expected.

“We cannot however rule out the possibility of further volatility,” concluded the AA.

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