SAFM 7AM NEWS BULLETIN

Cash-strapped motorists will be paying more for fuel with effect from midnight tonight. The price of petrol is expected to increase by 66 cents per litre while that of diesel will go up by 57 cents per litre and paraffin by 49 cents per litre. The fuel price increases come as food prices also go up and an increase in electricity tariffs looms. The Automobile Association recently attributed the latest fuel price hike to increased economic activity because of the global roll-out of the COVID-19 vaccines. Increased economic activity has led to the appreciation of the rand against the dollar and an increase in demand for oil.