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Significant fuel price hike on the cards

01 Feb 2016 | Admin Author


Consumers may be in for a hard time, as the petrol price is expected to rise by up to 80 cents a litre next month.

KPMG economist Lulu Krugel, says the international oil price had been rising and the rand weakening, making the fuel price hike inevitable.

She says the current under-recovery on the petrol price is 87 cents while diesel could be around 60 to 65 cents a litre.

Earlier this month the retail price of all grades of petrol increased by 41 cents a litre.

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