https://www.engineeringnews.co.za

AA predicts another fuel price drop for February

 AA predicts another fuel price drop for February

Photo by Bloomberg

15th January 2019

By: News24Wire

  

Font size: - +

The Automobile Association (AA) said on Tuesday that the fuel price would likely fall in February, based on unaudited mid-month fuel price data released by the Central Energy Fund.

The AA said the projected drop in the price of petrol, diesel and illuminating paraffin was due to international oil prices being lower than December’s average, and a strengthening in the rand/dollar exchange rate. 

The association said current data indicated a drop of around 12 cents a litre for petrol, 36 cents for diesel, and 33 cents for illuminating paraffin.

But the association warned these figures could fluctuate in the second half of January. Changes in the international oil price and in the rand/dollar exchange could also throw a spanner in the works.  

The current inland coastal price for a litre of unleaded 95 octane petrol is R14.01. If this were to reduce by 12c a litre, the new price would be R13.89/l. 

Edited by News24Wire

Comments

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.096 0.162s - 174pq - 2rq
Subscribe Now