Huge fuel drop in December says AA
This is according to the unaudited month-end fuel price data released by the Central Energy Fund (CEF).
THE Automobile Association (AA) has said motorists can expect ‘massive’ fuel price reductions in December, but these could be tempered by adjustments in the retail and wholesale margin, and the possible continued use of the Slate Levy.
This is according to the unaudited month-end fuel price data released by the Central Energy Fund (CEF).
“The good news is a likely R1.85 reduction per litre in the price of petrol, with diesel coming down by an estimated R1.40, and illuminating paraffin dropping by R1.28. With these expected drops, the fuel prices will return to levels last seen around the middle of 2018,” said AA spokesperson Layton Beard.
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“These massive decreases stem from a combination of substantial retreats in international petroleum prices and a slightly firmer Rand, which has trended stronger against the US dollar since its most recent peak in early-September at close R15.50 to the greenback,” he said.
He added the see-saw ride in fuel prices over the past year had shown just how great the impact of international petroleum pricing and the Rand/US dollar exchange rate is on the lives of ordinary citizens.
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