Motorists in for huge petrol bonus - Johannesburg - Motorists can look forward to further fuel price relief at month end, the Automobile Association (AA) said on Wednesday. The association was commenting on the Central Energy Funds 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 40 cents and 44c per litre, while diesel is showing an almost 56c per litre reduction,” the AA said. “Illuminating paraffin is set for a drop of around 49c per litre.” The AA said that the rand/US dollar exchange rate had gradually strengthened in South Africas favour during October and that international petroleum prices had shown a substantial decline over the same period. “As December approaches, it looks as if motorists planning to drive to holiday destinations will have a little more spending money in their budgets,” the AA concluded. Article provided with the kind courtesy of fin24
Posted on: Thu, 30 Oct 2014 05:53:04 +0000