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Fuel price hike expected in August


Motorists could see yet another increase in the price of fuel in August.

This as unaudited mid-month fuel data from the Central Energy Fund is pointing to increased prices for most fuel.

According to the Automobile Association, higher-than-average international oil prices are the main contributors to the expected increases.

Based on the current data, ULP95 petrol is showing an increase of around seven cents a litre, while Diesel shows a significant increase for the second month.

The mid-month outlook on Diesel is an increase of around 48c/l.

The AA says rising Diesel prices will directly impact consumers, given that it is a major input cost in many sectors.