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He said that while the rand had managed to advance against the US dollar, it had not been enough to offset the gains made by oil in recent weeks.
Image: EWN.
JOHANNESBURG – The Automobile Association said South Africa could expect another fuel increase in January.
The association predicts that motorists will shell out up to 43 cents more for a liter of gasoline, while diesel and illuminating paraffin will rise 55 cents as of Wednesday of next week.
He said that while the rand had managed to advance against the US dollar, it had not been enough to offset the gains made by oil in recent weeks.
Layton Beard of the Automobile Association: “While South Africa’s oil prices are well below their all-time highs, the country’s economy is in a fragile state and any impact on international oil prices or the rate of The rand / US dollar change could seriously hurt fuel consumers in the future. February next year “.
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