The price of petrol is set to go up next month while diesel will be cheaper at the pumps.
According to the Automobile Association (AA), which was commenting on unaudited month-end fuel price data released by the Central Energy Fund, petrol will increase by around 12 cents a litre, and diesel will be down by approximately 16 cents. Illuminating paraffin is also down, by eight cents a litre.
The AA says International oil prices have steadily trended upwards since the start of June, although there has been a slight pullback since a peak on the 11th of July.
It further states that medium-term oil price forecasts remain subject to considerable uncertainty, as does the Rand against the US dollar.
This volatility could come into play before next Wednesday's price adjustment and may even have a bearing on the September outlook.
