Nica Richards
Premium Journalist
1 minute read
15 Apr 2021
12:39 pm

Stronger rand could mean relief for May fuel prices

Nica Richards

Due to stability on international markets and a stronger exchange rate, diesel prices will drop by a welcome 32 cents a litre. 

Latest data shows the prospect of a welcome 32 cents a litre drop in the price of diesel and 27 cents for illuminating paraffin. Picture: Neil McCartney

 

The Automobile Association (AA) has given an update for May’s fuel price predictions, with a potential breather for motorists. 

Due to stability on international markets and a stronger exchange rate, diesel prices are expected to drop by a welcome 32 cents a litre, with illuminating paraffin coming down by 27 cents. 

However, unleaded 95 octane petrol is expected to rise by six cents a litre and unleaded 93 octane by 1 cent.

A small silver lining is that a stronger exchange rate performance could mean a slight decline in petrol prices, with the hope this will provide “across-the-board relief” from recent fuel price hikes. 

The rand has gained almost 50 cents against the dollar since mid-March.