SA set to kick off 2020 with a petrol price drop – AA
The current picture for January is pointing to a drop in the price of petrol, says the Automobile Association (AA). This is based on the association's outlook on the unaudited mid-month fuel price data released by the Central Energy Fund.
LIMPOPO – Petrol is set to drop by up to 17 cents a litre and illuminating paraffin by around four cents. There is however fractional increase on the cards for diesel, with up to a cent increase.
In a statement the association says the Rand is on an impressive run of stability which dates back to the start of November, with the trend slightly stronger against the US dollar. In addition, basic fuel prices have also kept within a fairly narrow band which has insulated the motorist against the kind of steep price swings seen earlier in the year.
“The Rand has held steady during the first half of December, even appreciating slightly against the US dollar. This has contributed approximately nine cents in price relief. Meanwhile, the landed price of fuels has been mixed, with petrol down slightly, while diesel is up,” reads the statement.
The AA concludes that although there has been a recent slight upward oil price trend, it is too early to tell whether this will persist and barring any unforeseen surprises, motorists can expect 2020 to kick off with only modest fuel price changes.
