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EWN reports that motorists may see considerable relief at the pumps in the first week of next month. The Automobile Association (AA) has forecast significant decreases across the board to fuel prices based on current unaudited mid-month data from the Central Energy Fund.
According to the data, 95 octane is expected to drop by around R2.60 a litre, while 93 may decrease by around R2.45. The wholesale price of diesel is expected to decrease by around R2.30 and the price of illuminating paraffin by almost R2.00 a litre. The AA advised that the main drivers behind the decreases were a strengthening rand and lower international oil prices. With these expected decreases, the price of 95 octane will dip below R23.00 a litre and the price of 93 will cost just more than R22.50c. But the AA warned that this was according to mid-month data and that the picture might change come month-end, before the adjustments for September were made.
- Read the original of the report in the above regard by Ray White at EWN
- Lees ook, Laer brandstofpryse wink, by Maroela Media
Get other news reports at the SA Labour News home page