Kimberley motorists and commuters could all breathe a sigh of relief next month and have some additional cash in their pockets.
IF EVERYTHING goes to plan, Kimberley motorists and commuters could all breathe a sigh of relief next month and have some additional cash in their pockets.
According to unaudited mid-month figures from the Central Energy Fund, a big fuel price cut is on the cards for September.
The Automobile Association of South Africa (AA) announced this week that the price of 95 unleaded petrol is expected to decrease by about R2.60 per litre and the price of 93 unleaded petrol may go down by about R2.45 per litre.
Diesel prices are anticipated to reduce by roughly R2.30 per litre and the cost of lighting paraffin by almost as much as R2 a litre.
The AA says that the main drivers behind the decreases are a strengthening rand and lower international oil prices.
“The expected decreases are good news for consumers who have been battered and bruised by these prices the past six months. With these expected decreases, the price of 95ULP will dip below R23/l and the price of 93ULP will cost just more than R22.50/l. While fuel is still more expensive now than it was at the beginning of the year, these forecast decreases do offer some relief,” says the AA.
The Association added that while these figures are promising, it must be remembered that this is only mid-month data and that the picture may change come month-end before the adjustments for September are made.
