The Automobile Association says fuel prices are set to increase in August despite the strengthening rand.

The association was commenting on unaudited month-end fuel price data released by the Central Energy Fund.

“As matters currently stand, petrol is likely to increase by between nine and 16 cents a litre, diesel by up to 48 cents, and illuminating paraffin by 43 cents,” it said.

The AA said that, while oil traded in a fairly tight range throughout July, there was a “substantial climb” at the beginning of the month.

https://www.news24.com/fin24/economy/fuel-prices-set-to-increase-in-august-despite-strengthening-rand-says-aa-20200729