Moneyweb reports that motorists can look forward to a significant fuel price drop in June, with 95 and 93 octane unleaded petrol (ULP) both set to decrease by around R1.06 per litre and diesel by around R1 per litre.
In mid-May, the Automobile Association’s (AA’s) forecast was a “humble” decrease of around 61c per litre for 95 ULP and 63c per litre for 93 ULP. But the more favourable environment – lower international product prices and a stronger rand to the dollar – has improved the outlook. Unaudited data from the Central Energy Fund indicates significant fuel price decreases for June, which will bring welcome relief to all consumers who have seen prices increase steadily since February, the AA said. But, it added: “While the decreases will bring relief, the cost of fuel is still higher now than it was just a few short months ago, and again points to the financial pressure many South Africans still experience.” High fuel prices and interest rates are still putting considerable pressure on South Africans – especially those with debt.
- Read the full original of the report in the above regard at Moneyweb
- See too, Motorists can look forward to lower fuel prices in June, says AA, at BusinessLive
Get other news reports at the SA Labour News home page