Ready your wallet and pump up your bicycle wheels, the Automobile Association (AA) has stated that the price of fuel is likely to climb by a substantial amount in September.
According to an unaudited, month-end data set released by the Central Energy Fund, international petroleum prices have remained on the August plateau.
This, coupled with a static Rand/US dollar exchange rate, will see petrol users having to pay for an increase of 61 cents a litre, while diesel users will see an increase of 46 cents.
“The majority of the increase is attributable to strength in international petroleum prices, with just four cents of the hikes due to Rand weakness”, notes the AA.
According to the AA, this pain-at-the-pumps scenario could drag out for the next few months.