Fuel prices set to rise in February!


THE Automobile Association (AA) says petrol prices across the board are set to increase next month. Commenting on unaudited data from the Central Energy Fund (CEF), the AA said petrol, diesel and illuminating paraffin would be more expensive next month.

It said the latest data was showing an increase of around 52 cents a litre for 95 ULP petrol, 57C/L for ULP93 petrol and between 22C/L and 33C/L for diesel. The price of illuminating paraffin was about to go up by 38C/L.

“The data is showing that price increases to international petroleum products are the main driver behind this expected increase to local fuel prices while the strength of the Rand against US Dollar is limiting them by between 10 and 14 cents on all fuels,” it said in a statement.

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“We again want to urge the government to revisit the fuel pricing structure with a view to finding ways to mitigate against this and other possible increases in future.”

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