“Mid-month unaudited data from the Central Energy Fund (CEF) is predicting the biggest fuel price hike in South Africa’s history by some margin,” reports the Automobile Association (AA) which has monitored the fuel price data from 1 September to date.
The AA said: “A spike in international oil prices and a huge swing in the Rand/US dollar exchange rate have combined to predict a knockout blow at the pumps at the end of September.
“Based on the current data, petrol users will be paying R1.12 more per litre.”
The AA says diesel users who will be hit hardest, with a possible price hike of R1.38 per litre, pushing diesel to within a whisker of R16 per litre.
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The AA said: “To put this in perspective, should this increase materialise, it will push the price of 93 unleaded octane fuel inland close to R17
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