It’s too early to predict what lies ahead for diesel and petrol prices in March, but the latest data suggests it’s going to be GRIM. Photo: Chris Bartley and Life Projects / Flickr
Fuel price hike: Consumers can expect increases at the tills warns AA
South Africans are in for a rough September as the fuel price hike is expected to see a knock on effect at the tills according to the AA.
It’s too early to predict what lies ahead for diesel and petrol prices in March, but the latest data suggests it’s going to be GRIM. Photo: Chris Bartley and Life Projects / Flickr
The Automobile Association has warned consumers that retailers will likely increase prices to recover the costs from the fuel price hike expected in September.
The outlook isn’t good for motorists as the country faces increases of around R1.26 per litre for Unleaded 95, while diesel could climb by as much as R2.60 per litre according to ENCA.
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FUEL PRICE HIKE WILL SEE CONSUMERS PAY THE PRICE
“These surges in prices will pile pressure on all diesel users, but particularly large users in the agricultural, retail, manufacturing, and retail sectors. Consumers should brace for increases at the till as costs are recovered through higher prices,” according to the AA.
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“Naturally we are all looking at ways to manage expenses and as fuel remains an integral part of many budgets, it’s difficult to avoid paying the higher prices. Our advice is to ensure your vehicle is in good mechanical condition, and that the tyres of the car are properly inflated. Avoiding heavy traffic, not overloading the vehicle, and minimising driving are other tips that may help,” suggests the AA.
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