But news that fuel will be coming down will be a relief for a lot.
According to Automobile Association (AA) the drop is l
ikely to fall around 41 cents a litre, diesel 38 cents and paraffin 36 cents.
“Future movements of the Rand and international petroleum prices have become very complex to anticipate‚ and since these factors are the chief drivers of the price we pay at the pumps‚ South Africans should be cautious about hoping for further fuel price drops‚” the AA said.
“A host of highly fluid factors are at play‚ including local political developments‚ ratings agencies’ view of our economy‚ and the impact of possible changes in US policy after President-elect Donald Trump takes office. We expect this volatility to be reflected in fuel prices in the next few months‚” said the Association.
“Over the same period‚ international petroleum prices enjoyed a brief rally before heading lower. As a result‚ the likely decline in the fuel price will be similar to what was indicated in mid-November.”
Good news for those who will be traveling during the festive holidays but only just.
