Another fuel price hike likely in October
Motorists should brace themselves for yet another fuel price increase in October.
The Automobile Association (AA) predicts the price of fuel will increase for a third consecutive month.
AA spokesperson Layton Beard says higher international oil prices and the weak rand are driving fuel prices.
"The first half of September saw the rand appreciate against the US dollar, but this trend has been reversed since September 12, with the weaker currency eating into its earlier gains.
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"As a result, petrol is set to rise by around 30 cents, diesel by 41 cents, and illuminating paraffin by 37 cents," says Beard.
Beard also believes further fuel hikes are inevitable.
"With the USA eyeing interest rate increases, and global oil markets remaining buoyant, our view is that further fuel price hikes are almost inevitable before year end."