South Africa Braces for August Fuel Price Hike

In what comes as an unwelcome forecast, fuel prices in South Africa are expected to rise in August compared to July, and it is anticipated that diesel and paraffin consumers will bear the brunt of the impact.

The Automobile Association of South Africa (AA) reports that the current data indicates that average international product prices, particularly oil prices, have surged higher than the previous month, serving as the primary drivers behind the anticipated increases.

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The projected price hike is estimated at around 7 cents per litre for 95 unleaded, 48 cents per litre for diesel, and 47 cents per litre for illuminating paraffin.

It is important to note that the Department of Mineral Resources and Energy is yet to make an official announcement, leaving room for potential changes to the data.

Expressing concern, the AA highlights that the escalating diesel prices will directly impact consumers through elevated costs, given that this fuel type plays a pivotal role as a major input cost across various sectors.

As South Africa prepares for the forthcoming fuel price adjustments, consumers will likely face increased expenses at the pump, particularly those relying on diesel and paraffin.

Source: AA warns of possible fuel increase

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