{"id":84781,"date":"2015-03-26T07:33:58","date_gmt":"2015-03-26T05:33:58","guid":{"rendered":"http:\/\/germistoncitynews.co.za\/?p=84781"},"modified":"2015-03-26T10:55:39","modified_gmt":"2015-03-26T08:55:39","slug":"shock-fuel-price-hike-in-store-says-aa","status":"publish","type":"post","link":"https:\/\/develop.citizen.co.za\/germiston-city-news\/news-headlines\/2015\/03\/26\/shock-fuel-price-hike-in-store-says-aa\/","title":{"rendered":"Shock Fuel Price Hike In Store – says AA"},"content":{"rendered":"

As April 1 creeps closer the AA confirms that fuel prices may jump by as much as two Rand a litre.<\/p>\n

This is the Automobile Association (AA) is warning consumers after the Central Energy Fund’s preliminary mid-month data showed that South African motorists are set to be battered by high international petroleum prices and the Rand’s continuing decline against the US dollar.<\/p>

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\u201cThe Rand has lost nearly ten per cent of its value against the dollar since late February, and oil prices are far off their lows of January,\u201d the AA said.<\/p>\n

\u201cPetrol is showing an increase of up to 98 cents a litre, diesel around 63 cents and illuminating paraffin 42 cents.\u201d<\/p>

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The AA also said that these increases do not include the Minister of Finance’s new fuel levies which will add an additional 80 cents per litre from April.<\/p>\n

\u201cThe next adjustment could set a new record for a monthly price increase,\u201d the AA said.<\/p>\n

\u201cThe only positive is a slight softening of international petroleum prices in the first weeks of March, but unless the Rand gains some ground against the US dollar, the outlook for motorists remains unfavourable.\u201d<\/p>\n

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