South African motorists remain caught in a tug of war between the oil price and the rand \/ US dollar exchange rate.<\/p>\n
This is according to the Automobile Association (AA) which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund.<\/p>\n
“All fuel types are showing the same picture: the benefit of lower oil prices is being offset by a weaker exchange rate,” the AA said.<\/p>\n
“The mid-month picture shows only small changes in fuel prices where they might otherwise have been considerably lower,” the association said.<\/p>\n
Oil has continued to trade near the psychologically key US$40-a-barrel level, while the rand continues to flirt with its worst ever levels against the greenback – R14.34 , having hit R14.44 on Monday.<\/span><\/p>\n The basic price of unleaded 93 petrol was lower by almost 21 cents a litre at mid-month, but the exchange rate moved nearly 23 cents a litre in the opposite direction, meaning a potential rise of two cents a litre at the pumps<\/strong>, the AA said.<\/p>\n It noted that the picture is similar for diesel – up between one and three cents – and illuminating paraffin (5 cents higher).<\/p>\n “Unleaded 95 is the only gainer, with the current data showing a drop of three cents a litre versus a potential drop of 26 cents had the exchange rate remained steady,” the AA said.<\/p>\n “If rand weakness continues to outstrip oil price gains, motorists will be paying more for fuel in December,” it said.<\/p>\n Petrol price drops 22 cents on Wednesday<\/a><\/strong><\/p>\n Best and worst petrol stations in South Africa<\/a><\/strong><\/p>\nPetrol prices for November 2015<\/h3>\n
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\n Fuel<\/th>\n Decrease in cents<\/th>\n Inland Price<\/th>\n Coastal Price<\/th>\n<\/tr>\n \n 93 Petrol<\/td>\n \u00a022<\/td>\n R12.08<\/td>\n \u2013<\/td>\n<\/tr>\n \n 95 Petrol<\/td>\n \u00a022<\/td>\n R12.39<\/td>\n R11.96<\/td>\n<\/tr>\n \n 0.05% Diesel<\/td>\n \u00a09<\/td>\n R10.84<\/td>\n R10.52<\/td>\n<\/tr>\n \n 0.005% Diesel<\/td>\n \u00a010<\/td>\n R10.90<\/td>\n R10.57<\/td>\n<\/tr>\n \n Illuminating Paraffin (Wholesale)<\/td>\n 3<\/td>\n R7.09<\/td>\n R7.09<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n More on petrol prices<\/h3>\n