There'll be a frustrating start to the new year for South African motorists who will face significant increases in both the cost of diesel and petrol.

The increases are scheduled to come into effect on the 6th January and theAutomobile Association (AA) says petrol, diesel and paraffin will be going up in price.

After analysing theunaudited month-end fuel price data released by the Central Energy Fund, the AA had this to say,"The Rand has continued to advance against the US dollar, which is a pleasing outcome considering the severe beating the currency took earlier in the year. But even the currency's ongoing strength has not been enough to contain oil's march back towards its pre-COVID-19 price levels."

The AA does point out that theRand's daily exchange rate dipped near R14.50 to the US dollar during December, with the average exchange rate hovering near R15, but the killer appears to be the near 13% increase in the price of international petroleum products. Petrol is due to increase by 40 and 43 cents per litre, for 95 and 93 respectively. Diesel customers can expect an increase of 55 cents per litre and 54 cents a litre for 0.05% and 0.005% respectively. Paraffin consumers will be hit with a 55 cents a litre increase.

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