Unaudited mid-month fuel data from the Central Energy Fund (CEF) points to increased prices for August, with ULP93 petrol the only category showing a decrease.
The Automobile Association (AA) has, however, said this is likely to change in the next two weeks.
“At this stage of the month, the numbers are more reflective of the way the fuel prices are likely to go when they are adjusted at month-end for August,” said AA.
“Currently, the trajectory indicates that all fuel will be more expensive in August, with the quantum of the increases most probably being higher than the current data indicates.”
According to AA, current data reflects that international oil prices were higher on average compared with the previous month, and were the main contributors to expected increases.
The average rand to dollar exchange over the reporting period remained relatively flat and was not contributing much in terms of relief in the fuel prices.
“Naturally, we remain concerned that the effect of more diesel prices will impact directly on consumers through higher prices given that this fuel is a major input cost in so many sectors,” said AA.
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