Extra money over the festive season
Motorists who are planning to drive to their holiday destinations will have a little more spending money in their budgets. This is according to an Automobile Association (AA) press statement stating that motorists can look forward to a further fuel-price relief at the end on the month. The association was commenting on the Central Energy …
Motorists who are planning to drive to their holiday destinations will have a little more spending money in their budgets.
This is according to an Automobile Association (AA) press statement stating that motorists can look forward to a further fuel-price relief at the end on the month.
The association was commenting on the Central Energy Fund’s preliminary fuel price data, which was showing substantial over-recoveries in the fuel price.
“The drop in the petrol price is currently pegged at between 40c and 44c per litre, while diesel is showing an almost 56c per litre reduction,” the statement reads.
“Illuminating paraffin is set for a drop of around 49c per litre.”
According to the AA the rand/US dollar exchange rate had strengthened gradually in South Africa’s favour during October and international petroleum prices had shown a substantial decline over the same period.
Yip, December is closing in, petrol will drop, what scares me is the price increase that will most certainly follow early next year to make up for the expected festive season drop.