Expect more petrol hikes

A 20 cent to 40 cent increase in the petrol price is possible in August, said T-Sec economist Mike Schussler yesterday. "The oil market is very volatile at the moment," said Schussler. He said the most worrying time for South African fuel prices would be in the fourth quarter of the year. At that time it would be winter in the northern hemisphere, which would be buying a lot of oil for heating. - I-Net Bridge

A 20 cent to 40 cent increase in the petrol price is possible in August, said T-Sec economist Mike Schussler yesterday. "The oil market is very volatile at the moment," said Schussler. He said the most worrying time for South African fuel prices would be in the fourth quarter of the year. At that time it would be winter in the northern hemisphere, which would be buying a lot of oil for heating. - I-Net Bridge

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