Expect a hike in fuel prices in February
The Automobile Association (AA) says fuel prices are set for another hike at the end of January.
The AA is predicting that petrol is set to jump by 44 cents, diesel by 37 cents, and illuminating paraffin by 31 cents.
"The Rand / US dollar exchange rate has firmed slightly since the start of January 2017, but international oil prices have surged ahead by a far greater margin," says the association.
The AA says there is always the hope that the spike in international oil prices will not persist, but that seems unlikely.
"South Africans should already be thinking of trimming any unnecessary expenses to accommodate a series of fuel price hikes which seem likely in the medium term," says the AA.