Consumers should brace themselves for another petrol price hike. CREDIT: Sourced
Consumers should prepare themselves for another fuel hike next month.

A petrol price increase of between 17 and 18 cents a litre is likely in May‚ according to the Automobile Association (AA).

Diesel and illuminating paraffin‚ however‚ are set to go down by 11 to 12 cents.

Commenting on unaudited mid-month data released by the Central Energy Fund (CEF)‚ the AA said rising oil prices are continuing to do battle with gains in the Rand/US dollar exchange rate.

“We are seeing a gradual‚ but sustained return of strength to petroleum prices... Diesel and petrol prices have risen since late February‚” the Association said.

“The appreciation of the Rand against the US dollar has gone some way to offset this‚ meaning that diesel and illuminating paraffin are heading for reduced prices‚ while petrol is set to climb‚” it added.