Welcome fuel price drop expected next week
Motorists are in for some fuel price relief next week as a price drop is looming, according to the Automobile Association (AA).
“Our expectation for June is that petrol will drop by up to 26c a litre, with a 20c drop for both diesel and illuminating paraffin,” the AA says.
The association notes that the rand advanced against the US dollar during most of May, with further support from retreating international petroleum prices.
“Both of these factors have contributed to the reduction in the fuel price.
“With political uncertainty set to continue, our medium-term outlook for the fuel price is that lower international petroleum prices will be key to maintaining local fuel price stability if the rand weakens again,” the association concludes.
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