South African motorists can expect some relief at the pumps next month, according to the Automobile Association (AA) citing unaudited month-end fuel price data released by the Central Energy Fund (CEF).<\/p>\n
\u201cOur expectation for June is that petrol will drop by up to 26 cents a litre, with a 20 cent drop for both diesel and illuminating paraffin,\u201d the AA said.<\/p>\n
The association noted the rand advanced against the US dollar during most of May, with further support from retreating international petroleum prices.<\/p>\n
“Both of these factors have contributed to the reduction in the fuel price,” it said.<\/p>\n
The AA said that OPEC’s decision to continue its production cut for another nine months showed that there was concern in oil producing nations about a continued world oversupply of oil. This could mean a period of relative price stability.<\/p>\n
On the home front, it said that the background political noise affecting the rand continued to play a role.<\/p>\n
“With political uncertainty set to continue, our medium-term outlook for the fuel price is that lower international petroleum prices will be key to maintaining local fuel price stability if the Rand weakens again,” the AA said.<\/p>\n
Here’s what you can expect to pay in June, based on current inland<\/strong> prices.<\/p>\n\n\n
\n Fuel<\/th>\n May official<\/th>\n June predicted<\/th>\n<\/tr>\n \n 93 Petrol<\/td>\n R13.57<\/td>\n R13.31 (-0.26)<\/td>\n<\/tr>\n \n 0.05% Diesel (wholesale)<\/td>\n R11.81<\/td>\n R11.61 (-0.20)<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n
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