Fuel price drop on the cards for January

THE Automobile Association has estimated a petrol and illuminating paraffin price drops in January, with a fractional increase for diesel.

This is based on an unaudited mid-month fuel price data that was released by the Central Energy Fund. The current picture for January points to a 17 cent decrease in petrol per litre and four cents for illuminating paraffin, while diesel is expected to increase by one cent per litre.

“The Rand has held steady during the first half of December, even appreciating slightly against the US dollar. This has contributed approximately nine cents in price relief. Meanwhile, the landed price of fuels has been mixed, with petrol down slightly, while diesel is up,” said the AA.

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The Association said the Rand was on an impressive run of stability that dated back to the start of November.

“Although there has been a slight upward oil price trend over the past few days, it is too early to tell whether this will persist. Barring any unforeseen surprises, we expect 2020 will kick off with only modest fuel price changes,” said the AA.

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