Motorists to dig deeper

Fuel levy increaseBy GIFT NDOLWANE
JOHANNESBURG, (CAJ News) – MOTORISTS are set to fork out more for fuel in
the coming weeks.
According to the Automobile Association, petrol is expected to climb by 63 cents a litre‚ diesel by 57 cents and illuminating paraffin by 58 cents.
The AA said the increase in illuminating paraffin in particular would have a strong negative effect on households which rely on it for cooking‚ lighting and heating.
This is attributed to robust global petroleum rates and a slowly fading Rand.
The currency has weakened an average of 20 cents against the US Dollar since the start of August.
“Meanwhile‚ international fuel product prices have upsurged towards the end of July. This means all petroleum types are likely to experience considerable price increases at month end,” AA noted.
The Rand’s trend over the past fortnight has been towards further weakness against the US currency.
“Motorists should definitely expect to pay more for fuel from the start of September,” AA stated.
CAJ News

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Posted by on Aug 16 2017. Filed under Africa & World, Energy, Featured, Finance, National, Oil & Gas, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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