The AA is predicting petrol will be 11c a litre cheaper in June but diesel is set to increase by about 22c a litre and illuminating paraffin by 21c.The Automobile Association is forecasting petrol users are set for some month-end relief at the pumps while other fuel users will pay more when the mineral resources and energy department announces adjusted fuel prices for June.
“The Rand continued to strengthen against the US dollar throughout May while international oil prices remained mostly flat. The sharp spike in oil at the start of the month is still spilling over into the data, with the prices of refined diesel having seen a bigger impact than petrol,” notes the AA. The AA says this will be disappointing news for transport companies that rely on diesel to power their fleets.
“It will also not be welcomed by citizens who use illuminating paraffin for cooking, lighting and especially heating during the winter months,” says the AA.“For as long as our currency continues to put in strong performances against the US dollar, the impact of rebounding international oil prices will be softened.”
Source: Car News Wire (carnewswire.net)
This is nonsense, the rand gained over 15% to the dollar with oil remaining flat for the period. They should go back to the calculation board and fix the prices down.