The petrol price is set to rise by 27 cents per litre this July. Diesel is estimated to increase by 61 cents per litre and paraffin by 60 cents.
This is due to factors such as the exchange rate and the price of crude oil.
“Ongoing oil strength‚ with limited support from the exchange rate‚ has set the stage for further increases in the fuel price”‚ the Automobile Association said‚ citing mid-month data released by the Central Energy Fund (CEF).
“With the cold of winter having set in, people who use paraffin for heating and cooking are poised to experience a sharp jump in their energy costs, in addition to a rise in transport-related costs,” the AA said.
“We advise South African motorists to reconsider their driving patterns and car-sharing habits‚ in order to economise in the event that the current run of fuel price rises continues in the medium term.”
How are you going to prepare for the new fuel price increases?
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