Fuel price expected to drop
JOBURG – Motorists can get an early Christmas present with dropping fuel price.
South Africans can look forward to lower fuel prices for December.
This is the news from the Automobile Association (AA), which was commenting on unaudited month-end fuel price data released by the Central Energy Fund.
Petrol is set to drop by around 41 cents a litre, diesel by 38 cents and illuminating paraffin by 36 cents.
“Future movements of the Rand and international petroleum prices have become very complex to anticipate, and since these factors are the chief drivers of the price we pay at the pumps, South Africans should be cautious about hoping for further fuel price drops,” the AA said.
“A host of highly fluid factors are at play, including local political developments, ratings agencies’ view of our economy, and the impact of possible changes in US policy after President-elect Donald Trump takes office. We expect this volatility to be reflected in fuel prices in the next few months,” the Association concluded.
