Fuel price increase on Wednesday

Fuel Hike - Fuel price increase on Wednesday

South Africans have to dig deeper into their cash strapped pockets as the price of fuel goes up yet again.

As of midnight, the price of 95 octane petrol went up by 18 cents a litre while 93 octane petrol went down by 4c a litre.

Consumers are paying 25c more for a litre of Diesel while illuminating paraffin increased by 25c a litre.

Director and Chief Economist at Econometrix, Dr Azar Jammine says the increase in the fuel price is because of the attacks on half of the oil reserves in Saudi Arabia.

He says nothing could be done to stop the increase.

Watch full interview below:

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