THE Automobile Association (AA) says Mzansi can expect a
fuel price increase.
The AA was commenting on unaudited mid-month fuel price data released by the Central Energy Fund.
"Oil traded within a very tight band for most of January, but we have seen a steady uptick since February began," the AA said.
“This trend has accelerated in the last week in particular."
According to the AA the Rand is offsetting some of the oil gains, has been on a weakening trend against the US dollar since the start of February.
"The Rand has slipped from R13.20 against the dollar on 1 February to R14.12 on 14 February. This is not good news for fuel users at a time when oil is also rising," the AA says.
The current data suggests a price increase of 43 cents a litre is in the offing for petrol, 62 cents for diesel, and 47 cents for illuminating paraffin.
