POLOKWANE – According to a press release by the Automobile Association (AA), current data predicts a drop of 24 cents a litre for petrol, 20 cents for diesel, and 21 cents for illuminating paraffin.
Ongoing volatility in international oil prices has been matched by swings in the Rand / US dollar exchange rate, making fuel price predictions as tricky as ever. This is according to the Automobile Association (AA) which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund (CEF).
“The Rand started the month relatively strong against the dollar, but has weakened slightly,” the AA said.
This is also due to international petroleum prices starting the month off soft, sagging further, and have made something of a comeback in the past few days.
The AA concluded by saying that these factors could work against the gains in the fuel price seen in the first fortnight of May.
Raeesa Sempe is a Caxton Award-winning Digital Editor with nine years’ experience in the industry. She holds a Bachelor’s Degree in Media Studies from the University of the Witwatersrand and started her journey as a community journalist for the Polokwane Review in 2015. She then became the online journalist for the Review in 2016 where she excelled in solidifying the Review’s digital footprint through Facebook lives, content creation and marketing campaigns. Raeesa then moved on to become the News Editor of the Bonus Review in 2019 and scooped up the Editorial Employee of the Year award in the same year. She is the current Digital Editor of the Polokwane Review-Observer, a position she takes pride in. Raeesa is married with one child and enjoys spending time with friends, listening to music and baking – when she has the time. “I still believe that if your aim is to change the world, journalism is a more immediate short-term weapon." – Tom Stoppard
