More pain at the pumps: Huge fuel price hikes for June – AA

Fuel prices will jump to record highs in June on the back of stronger international oil prices, and a deficit carried over from April. This is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel data released by the Central Energy Fund (CEF).   The Rand traded in a fairly narrow band against the US dollar throughout May. However, international oil prices have come under strong pressure, accounting for two-thirds of the price rise which will come into …