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Fuel price to increase by at least 60c

Economists say this has to do with the oil price steadily increasing.

FILE: Economists are expecting the fuel price to increase by at least 60 cents a litre from next week. Picture: AFP.

JOHANNESBURG - Economists are expecting the fuel price to increase by at least 60 cents a litre from next week after a consecutive decline over the past three months.

Dawie Roodt says this has to do with the oil price steadily increasing.

He however expects the petrol price to increase by almost 80 cents a litre next month.

"In the last few weeks we've seen quite a sharp increase in the fuel price from less than $50 to more than $60 a barrel and that I'm afraid is going to result in an increase in the petrol price in the region to about 80 cents a litre."

But economist Chris Hart says it is not all that bad news.

"The fuel price hike is still a little below what we were paying in the middle of last year. I think we'll still see fairly subdued food prices."

The Energy Department announces the new petrol price next Friday.

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