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Fuel prices set to increase in August despite strengthening rand, says AA

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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.

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Rand - Dollar
18.80
-0.9%
Rand - Pound
23.48
-0.3%
Rand - Euro
20.06
-0.4%
Rand - Aus dollar
12.17
+0.5%
Rand - Yen
0.12
+0.1%
Platinum
947.10
-1.3%
Palladium
958.00
-2.2%
Gold
2,285.48
-2.1%
Silver
26.26
-3.3%
Brent Crude
88.40
-1.2%
Top 40
69,925
-0.7%
All Share
76,076
-0.5%
Resource 10
61,271
-4.3%
Industrial 25
105,022
+0.4%
Financial 15
16,592
+1.0%
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