{"id":293546,"date":"2019-01-15T10:18:35","date_gmt":"2019-01-15T08:18:35","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=293546"},"modified":"2019-01-15T10:18:35","modified_gmt":"2019-01-15T08:18:35","slug":"heres-how-much-you-can-expect-to-pay-for-petrol-in-february-2019","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/energy\/293546\/heres-how-much-you-can-expect-to-pay-for-petrol-in-february-2019\/","title":{"rendered":"Here’s how much you can expect to pay for petrol in February 2019"},"content":{"rendered":"

South African motorists can expect further relief at the pumps in February, with mid-month data from the Central Energy Fund<\/a><\/strong> showing a slight drop in the petrol price.<\/p>\n

The data shows the petrol price at an over-recovery of 12 cents per litre for both grades, and around 35 cents per litre for diesel.<\/p>\n

Illuminating paraffin could see a drop of 33 cents per litre, next month.<\/p>\n

The fuel price is determined by fluctuations in the price of international petroleum, and the changes in the exchange rate between the rand and US dollar.<\/p>\n

The rand has held firm against the dollar at the start of January, with US data and international trade tensions pushing the currency below R14 to the greenback.<\/p>\n

Things could shift slightly as the SARB Monetary Policy Committee starts its three-day meeting on Tuesday, leading up to the interest rate announcement on Thursday, which could bring some volatility locally.<\/p>\n

Oil prices, meanwhile, edged upwards in the first half of the month, pushing above $60 a barrel – however weaker economic data from China this week has drawn prices down again, with the current spot price sitting at just under $59 a barrel.<\/p>\n

Should market conditions persist to the end of the month, South Africans will see a third month of petrol price drops, following the two significant decreases seen in December and January, which saw a combined reduction of R3 per litre.<\/p>\n

Analysts have noted that local politics, including elections in May, and investor confidence – things that impact the rand and exchange rate – will determine the course for the petrol price in 2019.<\/p>\n

Here is the expected petrol price based on mid-month estimates:<\/p>\n

\n
\n\n\n\n\n\n
Fuel<\/th>\nJanuary official<\/th>\nFebruary Expected<\/th>\n<\/tr>\n
95 Petrol<\/td>\nR14.01<\/td>\nR13.89<\/td>\n<\/tr>\n
93 Petrol<\/td>\nR13.80<\/td>\nR13.68<\/td>\n<\/tr>\n
0.05% Diesel (wholesale)<\/td>\nR13.14<\/td>\nR12.79<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Read:\u00a0Here is the official petrol price for January 2019<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

South African motorists can expect further relief at the pumps in February, with mid-month data from the Central Energy Fund showing a slight drop in the petrol price.<\/p>\n","protected":false},"author":10,"featured_media":78155,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[26],"class_list":["post-293546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/293546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=293546"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/293546\/revisions"}],"predecessor-version":[{"id":293556,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/293546\/revisions\/293556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/78155"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=293546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=293546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=293546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}