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Modest changes in fuel prices expected for September


Fuel price outlooks are showing modest changes in all grades of fuel for September.

This is according to the Automobile Association which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund.

The AA says the current picture shows petrol increasing by around four cents a litre next month.

On the upside, diesel is indicating a 16 cent per litre decrease, with illuminating paraffin down by ten cents.

The AA notes that the Rand's average exchange rate was virtually flat against the US dollar in the first two weeks of August – although the local currency is trending weaker, and this may weigh more heavily against the fuel price by month-end.

The Association added that the bulk of the fuel price change came from slight declines in international petroleum prices.