This is according to the Automobile Association , which was commenting on unaudited month-end fuel price data released by the Central Energy Fund.
If the current trend continues, the country seems set for improved fuel price stability as we enter 2021."International product prices of refined fuels spiked just before mid-month, but then pulled back. Petrol clawed back its losses to end in positive territory, while diesel swung further into negative territory," the AA said.
Apart from noting the firming average exchange rate, the AA said the daily R/$ exchange rate, which fell as low as R15.15 to the dollar in the last week of November, is at its strongest level since February this year.
Will we ever see the rand getting to R9.00 to the Dollar ever again?
When the oil prices went down drastically around the world it was deemed impossible to trade in oil as there was too much in reserve,but there was no price drops this side🤔,we are owed serious explanations,we were supposed to buy petrol at 75cents a litre during lockdown
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