Possible diesel price hike ahead of holidays
The Automobile Association has warned motorists not to expect drastic fuel price decreases ahead of the festive season.
Unaudited data from the Central Energy Fund indicate a decrease of around seven cents a litre for 93-octane petrol and a slight increase of three cents for 95-octane.
In a statement on Monday, the AA said adjustments to industry margins could result in price increases for both octanes.
"While motorists’ travel plans will be dampened by increases, they are unlikely to result in large-scale changes to holiday travel plans of those embarking on long year-end journeys.
“It’s probable that the annual margin adjustments could also have a negative impact on the expected increase of around 48c/l to diesel, also pushing this fuel price higher.
"The expected increase of around 43c/l for illuminating paraffin will also not come as good news for users of this fuel in December,”
The association says increases in diesel prices will negatively impact consumers, as higher input costs will likely lead to increased prices at stores.
The Energy Department is expected to announce the fuel prices this week.
ALSO READ:
