South Africa: Fuel Prices Expected To Go Up In December

1 year agoWed, 16 Nov 2022 08:27:18 GMT
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South Africa: Fuel Prices Expected To Go Up In December

Fuel prices are expected to go up next month in South Africa due to higher oil prices.

The prices of oil have been going up globally due to the war between Russia and Ukraine. 

According to the Automobile Association of South Africa, often abbreviated AA, an automobile association that has been operating in South Africa since 1930, increases will start next month.

The AA says data from the Central Energy Fund forecast increases of between 97 cents and R1.09 a litre, eNCA News reported.

Illuminating paraffin is also expected to increase by around 30 cents a litre.

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Meanwhile, the price of diesel will decrease by up to 34 cents a litre.

The development will likely have an impact on fuel prices in Zimbabwe since it imports from its neighbour.

Zimbabwe imports fuels primarily from Singapore, South Africa, Mozambique, Mauritius, and United Arab Emirates.

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