Big petrol price increase coming – AA

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.

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Big petrol price increase coming – AA