The Automobile Association (AA) has predicted a slight increase in petrol, the association announced on Tuesday.Meanwhile, the price of diesel is set to go down.
This is according to the unaudited month-end fuel price data released by the Central Energy Fund.
The AA said international oil prices have reached a slightly higher plateau after climbing in the first half of January.
According to AA, petrol is set to increase by 8 cents per litre.
Diesel will drop by 3 cents a litre and illuminating paraffin by nine cents.
The rand has strengthened against the US dollar and the AA said “If international oil prices continue their current stable trend, South African fuel users may see fewer of the wild swings in fuel prices which characterised 2018.”
The association added that the rand has “firmed gradually against the US dollar. It began the month at nearly R14.50 to the dollar and is currently hovering around R14.00, offsetting the oil price rise to some degree.”
via -ENCA
SOUTH AFRICA - PETROL PRICE TO INCREASE, DIESEL & PARAFFIN TO DROP IN FEBRUARY
Reviewed by Hash
on
January 30, 2019
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Reviewed by Hash
on
January 30, 2019
Rating:
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