Oil prices increase could lead to fuel price increases

VAAL TRIANGLE - Economic analysts have warned that the high global oil prices could lead to fuel price increases for South African motorists. According to the Central Energy Fund, fuel prices were heading for another decrease next month ahead of last week’s conflict between Israel and Iran. However, oil prices have increased since then. The Rand has also weakened against the US Dollar. Brent crude oil prices have increased by 10 dollars since Friday, and analysts expect them to increase further this week.