If things remain as they are with the rand/dollar exchange rate‚ South Africa could have another fuel price hike next month.
This is the view of Layton Beard‚ spokesperson of the Automobile Association of SA (AA)‚ who added that this warning was still speculative.
On Wednesday the retail price of petrol increased by 82 cents per litre‚ pushing the petrol price to above R15 a litre. It was the third consecutive fuel hike this year.
Diesel now costs 87 cents more and paraffin is up by R1.09 a litre. The price of LP Gas has increased by R1.38 per kilogramme. The increases have been attributed to the rise in oil prices and a weaker rand.
Beard said the recent hike would leave motorists with very little option but to cut down on other expenses in order to cope with the hike.
“One option is using their vehicle less or using their vehicles at different times when the fuel consumption is not going to be as high‚ in other words‚ not in the morning and afternoon in traffic‚ which uses a lot of petrol. The other is to use public transport‚ if it is available and reliable to them‚” said Beard...