AA predicts price hike at fuel pumps for March

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The AA says unaudited data from the Central Energy Fund shows a significant increase of at least R1.20 for both grades of petrol and diesel.

JOHANNESBURG - Motorists may have to dig deeper into their pockets this month, as the Automobile Association predicts another fuel price hike.

AA Spokesperson Layton Beard explained:"The main driver behind the increases is higher international product prices in addition to the higher average Rand/US Dollar exchange rate. While the weaker rand is contributing a small margin to the under-recovery and increase to prices expected, the overall picture still looks bleak and consumers will feel the pinch."

 

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