Fuel prices set to increase in August despite strengthening rand, says AA – News24

Fuel prices set to increase in August despite strengthening rand, says AA – News24

The Automobile Association says fuel prices are set to increase in August despite the strengthening rand.

The association was commenting on unaudited month-end fuel price data released by the Central Energy Fund.

“As matters currently stand, petrol is likely to increase by between nine and 16 cents a litre, diesel by up to 48 cents, and illuminating paraffin by 43 cents,” it said. 

The AA said that, while oil traded in a fairly tight range throughout July, there was a “substantial climb” at the beginning of the month.

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