The AA says the weakness in the Rand is expected to negatively affect the fuel price for next month.
Asian equity markets dropped to a six-month low on Monday while gold prices climbed as investors sought safe-haven assets.
Motorists have a reason to celebrate, the price of fuel has dropped by almost R1 a litre. It is the first time in six months that petrol prices have decreased.
Fuel retailers have expressed frustration over the Department of Energy delaying the release of the new fuel price adjustments
Zimbabwe has announced a fresh increase in fuel prices, months after a price hike triggered nationwide protests and a brutal security crackdown as the country’s economy woes deepen further.
Economists say the sharp fuel increase is expected to push inflation up. The price of fuel and diesel will increase at midnight.
The Automobile Association says Fuel and Road Accident Fund levies that will come into effect from the 1st of April are expected to push the petrol price to R16.
Economists say the latest fuel price increase will have a knock-on effect on the price of food.
The fuel price will go up by a hefty 74 cents per litre at midnight on Tuesday.