Possible petrol price increase

The recent petrol price drop was a huge relief to motorists around the country, but now the price may increase again.

The Automobile Association warned on Tuesday, February 17, that the recent drop in fuel price could be short-lived.

“International fuel prices have climbed by over 20 per cent since the last week of January,” the AA said in a statement.

A spike in the Rand/US Dollar exchange rate has also put pressure on the fuel price, with current data predicting a March petrol price increase of around 68 cents a litre, with diesel and illuminating paraffin up by approximately 45 and 48 cents a litre respectively.