Petrol price expected to drop next month
'The resignation of Jacob Zuma as president of South Africa caused some strengthening of the rand, and we expect this to have additional impact on the fuel price before month-end.'
A drop in the fuel price is expected next month, the Automobile Association (AA) has said.
The AA said in a statement at the weekend the price of fuel was likely to decline by 28 cents per litre on the back of continued strengthening of the rand against the US dollar, Centurion Rekord reports.
READ MORE: Petrol price drops from today
“International oil prices have been declining steeply since the start of February, and this factor has accounted for approximately half of the petrol price reduction, and more than two-thirds of the diesel price reduction,” the AA said.
on the fuel price before month-end.
Over the same period, the rand traded in a band around R12 to the dollar, giving some additional price relief for fuel users.”
Petrol price infographic. Image: Centurion Rekord.
The petrol price went down by 30 cents per litre this month.
“The current data suggests a petrol price decline of around 28 cents per litre, 36 cents for diesel and 21 cents for illuminating paraffin.”
The AA said the price of unleaded 95 octane would cost R13.84 and 93 octane R13.62.
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