AA: Petrol price set to rise by 40c at end of October
While South Africa is still reeling from the massive petrol and diesel price hike that kicked in at the beginning of October, which saw prices shooting up by up to R1.24c, the Automobile Association (AA) predicts another one on the horizon.
“International oil prices remain stubbornly high and it is possible that current tensions involving Saudi Arabia, one of the world’s biggest oil producers, could place more pressure on fuel prices. More welcome news is that the Rand is working in South African’s favour, and the recent firming of our currency against the US dollar has taken some of the bite out of oil’s rally,” the AA says.
However, road users still need to brace themselves with petrol prices currently set for a 40c per litre increase, while diesel and illuminating paraffin could spike by 70c and 65c respectively.
Read the full story on: Eyewitness News.