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AA asks what plans the government has to stop further record fuel price spikes



The fuel price for roller coasters in South Africa will hit another high in June, according to the latest forecast from the Automobile Association (AA).

“We are fast approaching the end of May and the fuel outlook is bleak. The government needs to address this issue sooner rather than later; Consumers are concerned about what lies ahead and the government should allay those concerns by indicating as early as possible what steps it will take to counter rising fuel costs.”

Commenting on the Central Energy Fund’s first unaudited data report on Monday (May 16), the AA said it expects petrol prices to rise by 1.93 to 1.97 rand per liter and diesel prices by 1.60 to 1 Rand 0.62 per liter and luminous paraffin by a record R 2.14 per liter.

ALSO READ: SA Motorists Warned of Massive Gasoline Price Hike in June

“The two main factors affecting local fuel prices are the R/US dollar exchange rate and international oil prices. The rand is currently weaker against the dollar and oil prices are still high. Given this, the outlook for fuel prices in June does not look positive,” the AA said.

A final prediction is expected nearly a month before the new tariffs roll out on Wednesday, June 8th.

AA asks what plans the government has to stop further record fuel price spikes

Source link AA asks what plans the government has to stop further record fuel price spikes

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