Tuesday, August 23, 2016

Economists warn that the fuel price hike will likely be at the end of the year

Nontando Mafanya
23 August 2016

Motorists can look forward to a second consecutive fuel price cut next month.

However Economist Dawie Roodt says fuel prices will likely start rising again closer to the end of the year.

The cost of petrol came down by 99 cents this month and another drop.

Over the medium term, because of an expected rise in the price of international oil and an expected weaker currency, further falls should not be expected in the coming months.

We can surely expect a petrol increase by the end of this year again.

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