Fuel price set to increase at midnight

Nedbank's Isaac Matshego says while times will be tough for consumers this month, it should get better nearing the end of the year.

Picture: EWN.

JOHANNESBURG - From the stroke of midnight you'll have to fork out more for fuel.

The price of both 93 and 95 octane petrol is going up 67 cents a litre, while diesel will cost you 44 cents more.

Paraffin is increasing by 86 cents.

Nedbank's Isaac Matshego says while times will be tough for consumers this month, it should get better nearing the end of the year.

“It will definitely have a negative impact on consumer finances, but going forward we just hope that the rand’s recent gains will be maintained and that should help us to record some petrol price decreased later in the year.”