Motorists will pay more for fuel next month
By Nomava Nobumba
19 January 2010
Financial analysts say motorists are set to pay more for their fuel from the third of next month.
They say the current under-recovery in fuel prices are a direct result of volatility on forex markets where the Rand lost ground and the rise in oil prices to above 81-dollars a barrel earlier this month.
The current under-recovery on 95-octane unleaded fuel is 19c a litre.
Diesel users are likely to pay around 15c a litre more and paraffin users could see prices rise by 11c a litre.
The looming fuel hike will be the first for this year after consumers and motorists received some relief in January
19 January 2010
Financial analysts say motorists are set to pay more for their fuel from the third of next month.
They say the current under-recovery in fuel prices are a direct result of volatility on forex markets where the Rand lost ground and the rise in oil prices to above 81-dollars a barrel earlier this month.
The current under-recovery on 95-octane unleaded fuel is 19c a litre.
Diesel users are likely to pay around 15c a litre more and paraffin users could see prices rise by 11c a litre.
The looming fuel hike will be the first for this year after consumers and motorists received some relief in January
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