JOHANNESBURG, Gauteng – Vehicle fuel prices are likely to fall across-the-board within days.
The Automobile Association, commenting on unaudited month-end fuel-price data released by the Central Energy Fund (CEF), explained: “The rand remained firm through June, apart from a brief reversal caused by the Public Protector’s controversial comments on the role of the Reserve Bank.
“At the same time, international petroleum prices maintained their downward trajectory so we can expect a pleasing drop in the fuel price.”
‘PARTICULARLY BENEFICIAL TO MANY’
By how much? Well, the AA reckons petrol will drop by as much as 69c/litre, diesel by 62c and illumination paraffin by 58c.
“The drop in paraffin prices will be particularly beneficial to those who rely on this fuel for lighting, cooking, especially during winter for heating,” the AA added.
“However, even medium-term predictions for the fuel price remain difficult in the current environment of political instability and weak economic conditions so we advise all fuel-users to create space in their budgets for price increases if the picture should deteriorate further.”