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Monday, 29 July 2019 18:36

AA predicts that petrol price will increase by about 12 cents per litre next month

The AA has predicted that petrol prices will increase and diesel prices will decrease in August. It was commenting on unaudited month-end fuel price data released by the Central Energy Fund.

“International oil prices have steadily trended upwards since the start of June, although there has been a slight pullback since a peak on July 11,” said the AA.

“Since then, diesel prices have edged higher while petrol remained flat, although the currency remains volatile going forward.”

The AA predicts that petrol will increase by about 12 cents per litre, while diesel prices will decrease by approximately 16 cents per litre.