Fuel decreases expected for August – AA
With these expected decreases, consumers filling a 55-litre tank with 95ULP inland will only save a little over R7, and R4.95 if they fill up with ULP93.
The Automobile Association (AA) expects to see a minor fuel decrease this month.
According to data from the Central Energy Fund, 95ULP is expected to drop by around 14 cents/litre, and 93ULP by around 9 c/l. The wholesale price of diesel is expected to decrease by around 26c/l and the cost of illuminating paraffin by almost 21c/l.
“The main drivers behind the decreases are a strengthening Rand/US Dollar exchange rate, and lower international oil prices,” said the AA.
“The movements in exchange rates contributed most to the trajectory of the fuel prices moving downwards. International product prices dipped slightly from the middle of July, lowering the under-recovery, and resulting in the forecast decreases.”
With these expected decreases, consumers filling a 55-litre tank with 95ULP inland will only save a little over R7, and R4.95 if they fill up with ULP93.
The Department of Mineral and Petroleum Resources will make the official announcement of the adjusted fuel price for August on Monday (August 5), ahead of the adjustment at midnight on the Wednesday.
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