TimesLIVE reports that after two consecutive months of substantial fuel price decreases, the tide appears to be turning and motorists can expect only minor relief in petrol prices and slight increases to diesel and paraffin prices in August.

According to the Automobile Association (AA), current unaudited data from the Central Energy Fund (CEF) indicated these trends at mid-month. These trends are, however, likely to change as the month progresses. The numbers are showing 95ULP down by about 7c/litre, 93ULP down by about 4c/l, and the wholesale price of diesel down by about 1c/l. Illuminating paraffin is set for an increase of about 6c/l. “It’s important to remember that this is mid-month data and that the price outlook may still change drastically over the next two weeks before the official August adjustment is made, especially since the data is edging so close to revealing a different trajectory,” said the AA. Despite the forecast decreases in petrol prices, fuel prices in SA remained high and previous significant increases would still affect the economy in the coming months, the organisation added.

• Read the full original of the report in the above regard at TimesLIVE

Get other news reports at the SA Labour News home page