Some relief on the cards for motorists in July
Consecutive fuel price hikes have pushed petrol and diesel prices to record levels.
The Automobile Association (AA) believes there could be some good news in store for hard-pressed motorists in July.
The AA's Layton Beard says the mid-month figures show that petrol will decrease by 91c per litre, diesel by 70 cents and illuminating paraffin by 62 cents.
"The main driver for this is international petroleum prices. Crude oil laboured about $70 a barrel for a large portion for April and May they have since retreated to just over $61 a litre,which is really good news.
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"South Africans are not getting full value though, thanks to rand jitters in the wake of the ANC top leadership trading jibes over the future of the Reserve Bank. After a period of sustained price stability, the rand weakened substantially against the US dollar, taking some of the shine off oil's retreat."
He urged the ANC not to trade barbs over the country’s economic police in public.
"We urge government to decide on its economic policy clearly and unambiguously in private, before articulating it in public where investors are watching."