JOHANNESBURG - The Automobile Association (AA) has warned motorists to brace for another fuel price increase as global oil prices remain “stubbornly high”.
The petrol price is set to increase by 40 cents per litre while diesel and illuminating paraffin could increase by 70 cents and 65 cents respectively.
South Africans are still recovering from the biggest petrol price hike earlier this month which saw an increase at the pumps of over R1.
According to the association, international oil prices have remained high and the current tensions between the US and Saudi Arabia, one of the world’s biggest oil producers, may continue to put upward pressure on fuel prices. Brent Crude is currently trading at around $80 (R145) a barrel.
The AA also said this hike may affect taxi and bus fares.