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Johannesburg - Data from the Central Energy Fund is currently predicting big hikes in the fuel price for February, the Automobile Association of South Africa (AA) said on Thursday.
“After remaining fairly flat throughout December, the exchange rate has deteriorated from a South African perspective,” said the AA's head of public affairs, Graeme Scala.
“The rand is now testing the R11 to the US dollar mark and although international petroleum prices have declined over the same period, the drop has not been enough to offset the increased exchange rate,” he added.
Petrol is showing a potential climb of between 28 cents and 32c per litre, with 15c per litre for diesel and 9c per litre for illuminating paraffin.
“If the current spike in the exchange rate flattens out, these figures could improve, but for now it is not looking good,” Scala concluded.
“After remaining fairly flat throughout December, the exchange rate has deteriorated from a South African perspective,” said the AA's head of public affairs, Graeme Scala.
“The rand is now testing the R11 to the US dollar mark and although international petroleum prices have declined over the same period, the drop has not been enough to offset the increased exchange rate,” he added.
Petrol is showing a potential climb of between 28 cents and 32c per litre, with 15c per litre for diesel and 9c per litre for illuminating paraffin.
“If the current spike in the exchange rate flattens out, these figures could improve, but for now it is not looking good,” Scala concluded.
