According to the Automobile Association (AA) the price of fuel might drop in August.
In a statement the AA said “the good news is that preliminary data from the Central Energy Fund (CEF) for the middle of July is showing firm reductions in international petroleum prices.
“The exchange rate picture is less positive‚ with the Rand having steadily depreciated against the US dollar since the end of last month.”
The AA went on to say the possibility is there though the price of petrol could drop by 28c and diesel and illuminating paraffin between 50c and 55c, but the Rand against the Dollar could sink this prospect.
“The fuel price has shown increasing volatility in recent months‚ and we advise motorists to maintain a prudent stance towards their fuel expenditure‚” the AA concluded.
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