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Economists expect another fuel price hike in May


Economists say motorists are likely to pay more for fuel next month.

Analyst, Azar Jammine says the oil price has fallen back in recent weeks from a peak of 128-dollars, to around 117-dollars a barrel.

He says however, the full benefit of the fall will have little effect, because the rand has weakened somewhat over the past few weeks.

The fuel price rose beyond the record-breaking 11-rand-a-litre mark last month.

Jammine says the petrol price is likely to go up by around 17-cents per litre in May.