AA predicts fuel price drop

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IOL image petrol pump INDEPENDENT MEDIA File photo

Johannesburg - The more favourable rand exchange rate and stable international petroleum prices could result in a fuel price drop in June, the Automobile Association of SA (AA) said on Friday.

“The current data was indicating a drop of between 26 and 30 cents per litre for petrol, and between 20 and 22 cents per litre for diesel,” the AA said in a statement.

“We obviously hope that the current trends will continue so that the reductions will be bigger by the end of May. Motorists have had a tough time lately and could do with a break.”

The AA said the price of illuminating paraffin could drop by 14 cents a litre.

On May 7, the price of all grades of petrol dropped by 15 cents a litre, diesel decreased by 29.78 cents a litre, illuminating paraffin by 25 cents, and LP gas by four cents. - Sapa

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