Friday, February 25, 2011

Fuel price hike expected next Wednesday

Lusanda Bill
25 February 2011

Fuel price will be increasing next week Wednesday.

Consumers will have to dig deep as 41-cents-a-litre petrol price hike kicks in.

The price of diesel will shoot up by between 61- and 62-cents a litre, and the price of illuminating paraffin will increase by 68 cents-a-litre.

The petrol price increase has been blamed by the sharp increase in international crude oil prices.

Efficient Group economist Freddie Mitchell says the spike in international oil prices will definitely play a role.

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