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AA: Fuel price hike will be lower

Johannesburg - The fuel price increase for August was expected to be lower than predicted in the mid-July data, the Automobile Association of SA said on Thursday.

"The average exchange rate has remained steady since our update two weeks ago, but the important factor has been a flattening of international petroleum prices," says the AA.

"This has allowed the petrol price in particular to make up some lost ground, with data currently predicting 93 octane petrol to remain largely unchanged, while 95 octane is set to increase by about three cents per litre."

The AA said the increase of the diesel price was likely to be 10c/l and 8c/l for illuminating paraffin.

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