Fuel price hikes are on the cards for February

VAAL TRIANGLE - Both petrol and diesel prices are lined up for big hikes in February. This is according to the latest data from the Central Energy Fund. It shows that diesel is well over the one-rand mark, with prices expected to increase between R1,10 and R1,15 per litre next month. Petrol, meanwhile, has continued to climb to an increase of one-rand per litre, with recoveries sitting at 89 to 95 cents per litre. South Africa’s fuel price recoveries have steadily declined throughout the month, driven by a weaker rand and higher global oil prices relative to December.