DStv Channel 403 Thursday, 03 October 2024

Fuel price set to increase in August

The government has dismissed Liquid Fuel Wholesale Association's comments about the imminent shortage of fuel in the country. 

JOHANNESBURG - August will be a tough month for motorists if the Automobile Association's prediction for petrol price hikes are anything to go by.

According to the AA, unaudited mid-month fuel data from the Central Energy Fund is pointing to increased prices.

The only exception being ULP93 petrol.

READ: Nations call for swift fossil fuel exit to tackle climate change

It's possible ULP95 petrol may go up by around 7-cents-a-litre. Diesel could increase by around 48-cents-a-litre.

Illuminating paraffin is showing a hike of around 47-cents-a-litre.

Contributing factors include higher oil prices and the Rand's flat performance against the Dollar.

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