SA motorists will have to brace themselves as fuel prices look set for another jump going into July, says Automobile Association, commenting on unaudited mid-month fuel data released by the Central Energy Fund (CEF).

AA said: “Since the start of June, the Rand has steadily weakened against the US dollar, with the average cost per dollar having climbed from around the R12.50 mark to nearly R13.

“Fortunately international oil prices retreated over the same period, and have had a very small impact on the figures.”

Fuel price hike

The current data forecast a rise of around 32 cents a litre for petrol and 30 cents for diesel.

AA said: “Almost all of the increase is due to Rand weakness and the picture would have looked very much worse if international oil prices had not come down over the past two weeks.

“With the volatility of oil markets over the last six weeks, an increase in the oil price cannot be ruled out in the short to medium term, and we once again advise all motorists to avoid unnecessary journeys, make us of car pooling, and practice economical driving techniques.”

-Wheels24