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Fuel on the Rise in August 2017
Fuel on the Rise in August 2017-October 2024
2023-12-14 EST 02:30:43

The AA has released its forecast for the fuel price movement in August 2017.

The Automobile Association of South Africa has estimated that the fuel price is set to rise by 20 cents a litre for petrol, 31 cents a litre for diesel and a 27 cent hike for illuminating paraffin.

"The increases we expect at the end of July have mainly been driven by the weaker Rand / US dollar exchange rate," the AA says.

"The Rand accounted for about two-thirds of the hike, with a slight uptick in international fuel prices contributing the remainder."

"While the Rand continues its volatile trend, international fuel prices have surged strongly in the past ten days. If this upwards movement continues into August, fuel users can expect further bad news," the AA concludes.

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