Another record fuel price looming in March
Motorists will have to brace for another steep fuel price hike.
According to the Automobile Association's predictions, petrol is expected to cost up to R1.25 a litre more next month.
Diesel is set to go up by up R1.29 cents and illuminating paraffin by R1.22 cents.
The AA says as things stand, the petrol price will shoot to R21 per litre for the first time.
"Given the current outlook, petrol prices in South Africa will skyrocket above R21 for the first time, with 95 octane petrol in Gauteng costing around R21.39/l and 93 octane petrol costing R21.13/l, outstripping the record high of R20.42/l in December last year."
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"The coastal price of 95 octane will also breach the R20/l mark for the first time rising to R20.67/l based on the current data. Diesel and illuminating paraffin will also increase to levels never before seen."
It says international oil prices are contributing to the hikes.
The association says the projected increases would have been higher if it weren't for the stronger rand.
"An analysis of the movement in fuel prices so far in February shows international petroleum prices are contributing entirely to the expected increases with the stronger Rand buffering what would have been more significant increases."
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