A fuel price hike is on the cards for September amid expectations of a higher trade surplus and credit extension growth in a raft of data to be published this week. The Central Energy Fund will announce the fuel price adjustment for September on Friday after Statistics SA publishes data on liquidations and insolvencies on Monday. The new fuel price takes effect on September 5. Economists are expecting a rise in petrol and diesel prices due to the weaker rand. FNB chief economist Mamello Matikinca said fuel prices are likely to rise about 18c a litre. The producer price index (PPI), which will be published on Thursday, is forecast to ease to 5.8% year on year in July from June’s 5.9%. This is underpinned by rises in the cost of transport equipment and administrative price inflation due to raised oil prices in rand terms, a weaker rand and increases in utility prices at municipalities. BNP Paribas economist Jeffrey Schultz expected month-on-month PPI to slow to 0.4% in July from 0.9% ...

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