Price of petrol slightly up, diesel down in May Motoring Reporter and AASA > By Motoring Reporter and AASA - 15 April 2021 - 11:52 Motorists can expect less fuel price horror in May. Image: scyther5 / 123rf
Stability on international petroleum markets and a stronger exchange rate have given fuel prices a breather. This is according to the Automobile Association, which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund.
The current data shows the prospect of a welcome 32c a litre drop in the price of diesel, and 27c for illuminating paraffin.
“Petrol hasn t fared as well, with a slight increase of 6c a litre predicted,” the AA comments.
Media Statement: Committee on Mineral Resources Briefed on State of Refineries in South Africa
Parliament, Wednesday, 14 April 2021 - The Portfolio Committee on Mineral Resources and Energy received briefings today virtually from the Department of Mineral Resources and Energy (DMRE) on the Basic Fuel Price (BFP) and the State of South African petroleum refineries.
The briefing on the BFP was needed in order to understand and explore mitigating alternatives to address the increase in fuel prices in South Africa. The DMRE explained the method used to determine fuel prices, whereas the Automobile Association of South Africa (AASA) shared its views and mitigating strategies relating to the BFP.
Possible Fuel Price Breather for Cash Strapped South Africans
Apr 15, 2021
15:04:2021
Cash strapped South Africans might be in for a fuel price breather in May according to the Automobile Association (AA).
The association said in a statement that the reasons for this were due to stability on international petroleum markets and a stronger exchange rate, commenting on unaudited mid-month fuel price data released by the Central Energy Fund.
The current data shows the prospect of a 32 cents-a-litre drop in the price of diesel, and 27 cents for illuminating paraffin.
However, the price of petrol is set to see and increase of 6 cents a litre, but the AA says the exchange rate’s performance looks set to see a decline in the petrol price. So, if the current trends continue, there may be across-the-board relief from the recent series of fuel price hikes. The rand has gained almost 50 cents against the US dollar since mid-March.
Daily Podcast – April 15, 2021
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Daily Podcast – April 15, 2021
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Fuel price breather could be on the cards for financially burdened consumers, according to the AA
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