Huge petrol price shock on the cards: AA

File: Americans now pay less to fill up their cars than they did a year ago, with costs down more than seven percent compared to October of last year.

File: Americans now pay less to fill up their cars than they did a year ago, with costs down more than seven percent compared to October of last year.

Pixabay/andreas160578

JOHANNESBURG – There’s potential bad news for cash-strapped South African consumers.

The price of petrol could increase by 72 cents per litre (c/l) while diesel could jump by 64 c/l in December, the Automobile Association (AA) of South Africa revealed on Tuesday.

The price of illuminating paraffin could rise by 76 c/l.

The latest rise was based on the weaker rand-dollar exchange rate along with rocketing crude prices, which only recently showed signs of slight weakening.

READ: Oil prices slip on pipeline restart, OPEC uncertainty

Energy Department officials will officially release the new petrol price late next week.

The fuel price adjustment will kick in from 6 December.

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