Petrol price relief expected next month
Petrol, diesel and paraffin could come down at month-end
AFTER three consecutive months of increases, motorists could be in for some relief next month with the petrol price expected to decrease by nine cents per litre.
The price of diesel is also expected to come down by around seven cents per litre, while illuminating paraffin should be 12 cents per litre cheaper.
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This is according to the Automobile Association (AA), commenting on unaudited mid-month fuel price data released by the Central Energy Fund.
‘Oil prices have slipped a little, with the landed price of fuels in South Africa showing a slight reduction in the first half of August.
‘Over the past six weeks, oil has traded in a fairly narrow band, indicating that a more reliable plateau has been reached, barring any unexpected shocks,’ the AA said.
The rand lost ground against the US dollar since the start of the month, with the average rate having climbed from just over R16.80 to the dollar to nearer R17.40.
‘This spells trouble for South African fuel users if it continues, but for now, the oil price is the stronger of the two forces.
‘If this picture retains stability in the second half of the month, we expect only modest changes to the fuel price,’ the AA said.
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