Consumers beware, warns petrol body
Sapra has urged consumers to brace themselves for another petrol price hike.
CAPE TOWN - Consumers should brace themselves for yet another fuel price increase, the South African Petroleum Retailers Association (Sapra) said on Wednesday.
Some economists have already predicted an increase of between 25 and 30 cents next Wednesday at midnight.
In July the cost of petrol increased by 84 cents per litre, while diesel went up by 78 cents.
Sapra's Gerrie Lewies said, "I think we should prepare ourselves to expect a bit of a dark picture over the next four to six weeks."
He said consumers could expect a decrease later this year if there isn't any labour unrest again.
"The political unrest may calm down. If [workers and employers] can come to an agreement the labour issues will stabilise. After that, I believe, there's potential that the prices will come down. But there's still a lot of uncertainty."
An announcement on the fuel prices is expected on Friday.
The looming increases can be attributed, in part, to a weaker rand.
On Monday, economist Dawie Roodt told Eyewitness News while the rand is doing quite nicely, suggesting that it will push down the price.
"Unfortunately the international oil price has been relatively high, which will push up the local petrol price. If you combine the two factors the net effect will be an increase."
See how the petrol price has moved since January 2011.