Fuel price relief expected in August: AA

South Africans can expect some relief at the pumps in August based on current unaudited mid-month data from the Central Energy Fund (CEF), according to the AA.

The latest figures show both grades of petrol will decrease between 90c per litre and R1.07 per litre, diesel will decrease by 91c per litre and illuminating paraffin will decrease by 94c per litre.

“All of this is naturally good news for consumers and motorists and will ease some pressure on embattled budgets. We must, however, be cognisant of the fact that this is mid-month data, and that price outlook may change over the next two weeks before the August adjustment is made,” says AA spokesperson Layton Beard.

"According to the data, the drop in international petroleum prices is driving the decreases but they are being offset by a weaker Rand/US dollar exchange rate, which is eroding otherwise sharply declining fuel prices.

"These decreases will be further limited due to the return of 75c/l to the general fuel levy."

The cut in the general fuel levy, which government introduced to help shield consumers from high fuel prices, is due to come to an end in August.

"The government has indicated that it will not alter its position that the initial R1.50 it cut from the GFL in April and May, and which was halved to 75c/s for June and July, will end in August. This means the GFL returns to its normal rate of R3.93/l in August,” says Beard.

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