National
Fuel price could drop in May─── 13:19 Sun, 19 Apr 2015
Johannesburg - Motorists can be cautiously optimistic about a slight drop in fuel prices next month.
The Automobile Association has made this prediction based on unaudited mid-month data released by the Central Energy Fund.
The AA points out that the average rand/dollar exchange rate has stabilised over the past month, reducing volatility in the fuel price.
At the same time, international petroleum prices have retreated to a more moderate level, with reasonable stability evident over the past month.
According to the AA, current data suggests a petrol price drop of about 17c/litre, with diesel and illuminating paraffin both down by about 22c/litre.
Motorists at the coast currently fork out R12.46 for a litre of 95 ULP and LRP, while at the Reef consumers pay R12.89 and R12.67 respectively for 95 ULP and LRP.
-news24.com
