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Fuel prices are expected to rise to the end of July until August. According to the Automobile Association (AA), which commented on unverified mid-month fuel price data published by the Central Energy Fund.
The AA explains: "International oil prices have oscillated during the first half of July, but it has remained in a fairly narrow band and has not made a substantial contribution to rising prices that we anticipate for next month. "
" The big news is still on the Rand front. However, the Rand has recovered some of these losses during a period of unusually stagnant trading during the first half of June. "
The Association says current data suggests a price increase of 19 cents per liter for gasoline, 13 cents for diesel and 22 cents for lighting paraffin.
AA says: "If the Rand and fuel price trends persist for the remainder of July, the increase in fuel prices could be lower than expected, but we can not exclude the possibility of additional volatility. "
The recent surge in fuel prices is of great concern because it affects the lives of all South Africans, especially the poor who rely on paraffin for heating, heating and cooking
. We believe that the government should now revisit the fuel tax issue with a view to reducing it considerably, especially since it is a cost that it controls. " , concludes AA. .
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