Commenting on unaudited mid-term data released by the Central Energy Fund, the association said it expects the price of petrol to increase by 35 cents a litre, diesel by 33 cent and illuminated paraffin by 29 cents.
"For the first time in a while, the Rand has shown reasonable strength against the US dollar during one of our reporting periods. However, this is not enough to counter rampant increases in the international prices of fuels, which have risen by up to six percent in the past two weeks.Without the benefit of Rand strength, the increase per litre would have been up to 50 cents in some cases," the AA said.
A short while ago the Rand was trading at R13.18 to the US Dollar with Brent Crude Oil at $55.05 a barrel.
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