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Petrol price increase on the cards

Economists believe the fuel price will increase by around 10 cents per litre.

Petrol attendant. Picture:Clare Matthes/EWN.

JOHANNESBURG - Cash-strapped motorists should brace themselves for a petrol price increase, economists warned on Wednesday.

Economists believe the fuel price will increase by around 10 cents per litre.

On Friday, the Department of Minerals and Energy is expected to announce the petrol price adjustment for August.

This follows two consecutive months of decreases in the petrol price.

Economist Mike Schussler said, "The rand has weakened substantially and high oil prices are making a comeback."