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Another big petrol price hike on the horizon - AA

Cape Town - Consumers might face yet another substantial petrol price hike of up to 35 cents a litre for petrol next month, the Automobile Association (AA) warned on Friday.

The association was commenting on unaudited mid-month fuel price data released by the Central Energy Fund (CEF).

"For the first time in a while, the rand has shown reasonable strength against the dollar during one of our reporting periods," said the AA.

"However, this is not enough to counter rampant increases in the international prices of fuels, which have risen by up to 6% in the past two weeks."

According to the AA, the current data predicts a month-end price hike of up to 35 cents a litre for petrol, 33 cents for diesel, and 29 cents for illuminating paraffin.

"Without the benefit of rand strength, the increase per litre would have been up to 50 cents in some cases," the AA said in a statement on Friday.
 
"We are now seeing what we believe is the beginning of some rand weakness and the current picture may deteriorate by month-end."

At the beginning of September the price of petrol increased by 67 cents a litre, while the price of diesel increased by 44c.

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