A PREDICTED fuel price drop is a welcome relief for commuters after the financial pinch following the ’99 days of January’.
This is according to the Automobile Association (AA), which commented on the unaudited mid-month fuel price data released by the Central Energy Fund.
“Although the international price of crude oil has ticked up since its low of 1 January, the overall price is still lower than December’s average, and this reflects in the current data,” the AA said.
“In addition, the Rand/US dollar exchange rate has strengthened from an average of R14.44 at the beginning of the year to around R14.20, now.”
The AA says the current data showed a drop of around 12 cents a litre for petrol, 36 cents for diesel, and 33 cents for illuminating paraffin.
“We expect this figure may fluctuate in the second half of January,” the Association commented.
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