Fuel prices are set to rise significantly yet again based on current data.
The Automobile Association (AA) said unaudited data from the Central Energy Fund pointed to a petrol price increase of around R1.20 cents a litre and an increase in the wholesale price of diesel of as much as R2.
The AA said, at this stage, illuminating paraffin was showing an under-recovery of R1.84 cents a litre.
The main driver behind the potential increases are higher international oil prices that have climbed substantially since August, mainly on the back of reduced output by major oil-producing nations.
The weaker rand-dollar exchange rate is also contributing, but its impact is minimal at the moment.
-EWN
In other news – PICS: Zozibini Tunzi celebrates her 30th birthday in style
Well-known South African model, actress, and beauty pageant titleholder who was crowned Miss Universe 2019 and also had previously been crowned Miss South Africa 2019, Zozibini Tunzi celebrates her 30th birthday, today, 18 September.
Taking to social media on Monday, the former Miss SA and Miss Universe shared photos of herself wearing a Karl Lagerfeld dress with a weave on her head and a black high boot. Read More
