Motorists set to dig even deeper for fuel in October
There won't be any relief yet for motorists at the pumps if mid-month fuel data is anything to go by.
The Automobile Association says we can expect another round of steep price increases next month.
It's predicting petrol to increase by R1.20 cents per litre, while diesel price will be R2.
It says the illuminating paraffin could go up by R1.84.
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The AA says the predicted price hikes are due to higher international oil prices, which have climbed substantially since August.
“Should these significant increases materialise, they will push fuel prices to levels last seen in July last year, stretching the personal finances of South Africans even further. Higher fuel prices will invariably lead to higher prices at the till, which will be a blow to many who are already experiencing financial distress."
"The outlook is certainly bleak, although it has improved a little since the beginning of the month. With two more weeks before the official adjustment for October is made, South Africans will be hoping the downward trajectory continues.
"Although increases are now a certainty for October, the question will be by how much fuel prices will ultimately rise."
