Bat­te­red cur­ren­cy pus­hes fu­el hig­her

George Herald - Auto Dealer - - Nuus -

Mo­re fu­el pri­ce hi­kes are on their way cour­te­sy of a we­a­ker rand. This is ac­cor­ding to the Au­to­mo­bi­le As­so­ci­a­ti­on (AA), which was com­menting on u­nau­di­ted month-end fu­el pri­ce data sup­p­lied by the Cen­tral E­ner­gy Fund (CEF).

"In­ter­na­ti­o­nal pe­tro­le­um pri­ces re­mai­ned vir­tu­al­ly un­chan­ged on a­vera­ge du­ring Au­gust," the as­so­ci­a­ti­on says. “But the rand lost sub­stan­ti­al ground a­gainst the US dol­lar, in­cre­a­sing the lan­ded pri­ce of fu­els."

Pe­trol is ex­pected to in­cre­a­se by be­t­ween 23 and 25 cents a lit­re, with die­sel ri­sing by a­round 28 cents and il­lu­mi­na­ting pa­raf­fin by 17 cents.

“This will push the cost of 93 un­le­a­ded oc­ta­ne fu­el in­land a­bo­ve the R16 a lit­re mark for the first ti­me - a sig­ni­fi­cant bar­rier,” the AA no­tes. he AA says the Sep­tem­ber out­look is ble­ak. "The rand re­mains un­der pres­su­re and a re­cent spi­ke in in­ter­na­ti­o­nal oil pri­ces could me­an mo­re pain at the pumps if it con­ti­nues. A re­turn to che­ap fu­el doe­sn't look li­ke­ly and con­su­mers will con­ti­nue to be for­ced to e­co­no­mi­se."

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