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The Automobile Association of South Africa warned consumers of an expected “steep hike” to all grades of fuel when prices are adjusted for September.
The Association was commenting on Wednesday, on unaudited mid-month fuel data from the Central Energy Fund.
The AA said the “expected price increases to petrol, diesel and illuminating paraffin will undoubtedly exert pressure on already struggling motorists and consumers.”
It said that as things stand, the price of both grades of petrol is expected to increase by R1.41 and R1.45 a litre respectively.
The AA said the price of diesel could rise by as much as R2.60 a litre, and illuminating paraffin by R2.55 a lire.
“If realised these increases will mark the highest prices since December last year,” the Association said.
The AA said the surges in prices would pile pressure on all diesel users, particularly large users in the agricultural, retail, manufacturing, and retail sectors.
“Consumers should brace for increases at the till as costs are recovered through higher prices,” the Association warned.
The official announcement of the adjusted fuel price for September by the Department of Mineral Resources and Energy is expected on Monday, 4 September, ahead of the adjustment at midnight on Wednesday, 6 September.
