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August : September won’t be a good month for fuel

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16 August, 2017

September won't be a good month for fuel

September won’t be a good month for fuel

 

Motorists will have to tighten their belts this coming month as September will see another disappointing month for the fuel price.

The Automobile Association (AA) has predicted an increase of 63 cents per litre for petrol, 57 cents for diesel and 58 cents for illuminating paraffin, for the month of September citing stronger international fuel prices and a gradually weakening Rand.

"The Rand has weakened at an average of 20 cents against the US dollar since the start of August, while international fuel product prices have remained on the higher plateau they reached towards the end of July.

"This means all fuel types are likely to experience substantial price increases at month end," said the Association in a statement issued on Tuesday.

The AA said the increase in illuminating paraffin, in particular, will have a strong negative effect on households which rely on this fuel for cooking, lighting and heating.

"The rand's trend over the past two weeks has been towards further weakness against the US dollar, and international fuel prices have traded in a fairly narrow band, meaning fuel users should definitely expect to pay more for fuel from the start of September,"concluded the AA.

Source: Transport World Africa


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