Mid-month petrol price analysis by the Automobile Association (AA) of South Africa shows that motorists are in for another substantial price drop for petrol in September.<\/p>\n
Ongoing rand strength has out-muscled a climbing oil price, raising the possibility of substantial fuel price cuts this month end, the AA said, looking at the latest data out from the Central Energy Fund.<\/p>\n
At current rates, petrol is slated for a reduction of 69 cents per litre, while the wholesale price of diesel could be coming down by as much as 94 cents per litre, the group said.<\/p>\n
Illuminating paraffin is showing a potential drop of 92 cents.<\/p>\n
“The fuel price for September will depend on whether the rand can continue to counter upward trends in international petroleum prices,” the AA said.<\/p>\n
“Any flattening out of the rand’s gains would be negative for the fuel price, but there would have to be a substantial reversal for the current picture to be spoiled before the end of August,” the group said.<\/p>\n
In August, motorists got to enjoy a 99 cent drop in the petrol price, moving (inland) 95 grade petrol to a price of R12.38 a litre, with wholesale diesel moving to R10.96 a litre.<\/p>\n
With the current projections at current rates, this is what the prices could be for September.<\/p>\n
| Fuel<\/th>\n | August\u00a0Inland<\/th>\n | September estimate<\/th>\n<\/tr>\n |
|---|---|---|
| 95 Petrol<\/td>\n | R12.38<\/td>\n | R11.69<\/td>\n<\/tr>\n |
| 0.05% Diesel (wholesale)<\/td>\n | R10.96<\/td>\n | R10.02<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\nMore on petrol<\/h3>\nPetrol strike enters second week in South Africa<\/a><\/strong><\/p>\n Joburg petrol stations are running dry: reports<\/a><\/strong><\/p>\n |