Tuesday, January 25, 2011

Another price hike to hit SA

By Jurina Nkwazi
25 January 2011

According to analysts motorists can expect another fuel price increase to hit South Africa next week.

We could see petrol prices rising by 26-cents and diesel prices by 29-cents-a-litre effective next Wednesday.

The announcement will be made on Friday.

Analysts say if international oil prices and the Rand exchange rate stay on their current levels, petrol prices in the interior could top nine-Rands-a-litre for the first time since October 2008.


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