Slight relief possible at pumps - AA
The Automobile Association (AA) says more relief is on the cards at the pumps for motorists in February.
The AA commented on the unaudited mid-month fuel price data released by the Central Energy Fund.
Spokesperson Layton Beard says although the crude oil price had picked since the beginning of the month, the overall price is still lower than December.
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"In addition, the rand/US dollar exchange rate has strengthened from an average of R14.44 at the beginning of the year to around R14.20 now.
The current data showed a drop of around 12 cents a litre for petrol, 36 cents for diesel, and 33 cents for illuminating paraffin," Beard says.
The AA does not expect the figures to fluctuate during the second half of January.
"The rand continues to firm slightly and it's not clear what level oil will stabilise around. Whether this will work in favour of fuel users or against them remains to be seen," says Beard.