The price of petrol is expected to increase by 43 cents per litre in March, said the AA.
Commenting on unaudited mid-month fuel price data from the the Central Energy Fund, it said oil prices have increased steadily in February.
“At the same time, the rand has been on a weakening trend against the US dollar since the start of February,” said the AA.
Its predictions for fuel prices are:
- Petrol – 43 cents per litre increase
- Diesel – 62 cents per litre increase
- Illuminating paraffin – 47 cents per litre increase
“If the trendlines for oil and the rand don’t flatten out, there could be worse to come before month end,” it concluded.