As rand rebounds, lower fuel price in December
Motorists can expect lower fuel prices next week, according to the Automobile Association (AA).
South Africans can look forward to lower fuel prices for December.
“The Rand slumped sharply against the US dollar in the wake of Donald Trump’s election as the next US president, but has regained some of its losses since then,” the AA states.
Read: Possibility of lower fuel prices come month-end
Petrol is set to drop by around 41c a litre, diesel by 38c a litre and illuminating paraffin by 36c.
“A host of highly fluid factors are at play, including local political developments, ratings agencies’ views of our economy; and the impact of possible changes in US policy after president-elect Donald Trump takes office.
Read: Emptier wallets as fuel prices skyrocket
“We expect this volatility to be reflected in fuel prices, in the next few months,” the Association concludes.
