Fuel Prices expected to decrease in August
Motorists can expect to save a little at the pumps this month.
The Automobile Association has released its monthly forecast, in which it predicts a 14 cents per litre drop for 95 unleaded petrol, while 93 unleaded is expected to drop by 9 cents per litre.
The whole sale price of diesel is expected to decrease by an estimated 26 cents per litre, while illuminating paraffin is expected to cost 21 cents less - per litre.
AA spokesperson Eleanor Mavimbela says the main drivers are a strengthening Rand/US Dollar exchange rate, and lower international oil prices.
"The movements in exchange rates contributed most to the trajectory of the fuel prices moving downwards. International product prices dipped slightly from the middle of July, lowering the under-recovery, and resulting in the forecast decreases.
"With these expected decreases, consumers filling a 55-litre tank with 95ULP inland, will only save a little over R7,00, and R4.95 if they fill up with ULP93".
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