The Automobile Association says the price of fuel is set to fall at the end of January 2018.
“The rand/US dollar exchange rate has had one of its flattest periods of trading in recent times,” the AA said, commenting on mid-month fuel price data released by the Central Energy Fund.
“It has traded in a very narrow band between R12,30 and R12,40 to the US currency since the last week of December, bringing some welcome stability.”
The Association also noted that international prices of petrol and diesel were stable over the same period, although there was a “slight climb” in both in the second week of January.
“The current data predicts a decrease in petrol of nearly 41 cents a litre, with diesel down by 23 cents and illuminating paraffin dropping 26 cents,” the AA said.
“Continued stability in fuel prices for 2018 will largely depend on political and economic factors which affect South Africa’s attractiveness as an investment destination,” the AA warned.
