AA warns of possible fuel increase
The increase is predicted because oil prices are higher than the previous month.
Fuel prices in South Africa are expected to increase in August as compared to July with diesel and paraffin consumers predicted to be affected the worst.
According to the Automobile Association of South Africa (AA), “The current data reflects that international product prices (oil prices) are higher on average than the previous month and are the main contributors to the expected increases.”
The forecasted increase is around 7c per litre of 95 unleaded, 48c per litre of diesel and 47c per litre of illuminating paraffin.
The Department of Mineral Resources and Energy will make a formal announcement, and further changes to the data are possible.
“Naturally, we remain concerned that the effect of more [expensive] diesel prices will impact directly on consumers through higher prices given that this fuel is a major input cost in so many sectors,” concludes the AA.
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