The Automobile Association says if the rands depreciation continue - TopicsExpress

The Automobile Association says if the rands depreciation continue unchecked, a petrol price of R16 per litre is possible in the medium-term. It says on December 27th, a dollar cost R10.35, and by January 27th, it cost R11.20. Meanwhile, international petroleum prices have ticked up slightly since its last review of fuel price trends in mid-January, so its a double whammy for motorists. The AA has expressed concern that the knock-on inflationary effect of the recent fuel price hikes could send further shocks into the economy.

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