Fuel prices set for decrease
More relief for motorists after the petrol price came down 34 cents at the beginning of January.
FUEL prices are set to decrease at the end of January. This is according to the Automobile Association (AA), commenting on mid-month fuel price data released by the Central Energy Fund.
“The Rand/US dollar exchange rate has had one of its flattest periods of trading in recent times,” the AA said. “It has traded in a very narrow band between R12.30 and R12.40 to the US currency since the last week of December, bringing some welcome stability.”
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According to the AA, its current data predicts a decrease in petrol of nearly 41 cents a litre, with diesel down by 23 cents and illuminating paraffin dropping 26 cents.
“Continued stability in fuel prices for 2018 will largely depend on political and economic factors which affect South Africa’s attractiveness as an investment destination,” the association said in a statement.
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