Cape Town – The Automobile Association (AA) has warned that motorists are in for a massive fuel price hike in November.
The AA said the price of petrol could jump by up to 99 cents per litre, with diesel and paraffin expected to increase by a whopping R1.42.
This means that motorists will be paying 30% more for petrol compared to the start of 2021.
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“The hikes in diesel and illuminating paraffin would be the largest in South African history, bearing in mind that this is only based on half a month’s data. R20 a litre for petrol is now a realistic scenario before the end of 2021,” said the AA, adding that it sees little hope of improvement before the end of October.
Following the AA’s prediction, the minibus taxi industry, which transports more than 16 million people a day, has said that it doesn’t plan on increasing fares, according to EWN reported.
Compiled by Reginald Nhlapo