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The Citizen reports that coming in the wake of March’s record fuel price reductions, South Africa is probably set for a second month of record fuel price drops for some fuel types.
This is according to the Automobile Association (AA), which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund. But the AA went on to note: “The irony is that this has come at a time where motorists and businesses are severely limited as to how they can use their vehicles.” Globally destructive economic instability has pushed fuel prices into drastic retreat. The association noted that even the rand’s vast crash against the US dollar since March has not been enough to offset the steep decline in oil prices. Cautioning that the market remained highly volatile and that the figures could be very different by month-end, the AA indicated that “as matters currently stand, when South Africans come out of lockdown at the end of April, fuel prices will be around R3 a litre lower than when they went in.”
- Read the full original of the report in the above regard at The Citizen
Get other news reports at the SA Labour News home page