Cape Town – The Automobile Association (AA) anticipates substantial drops in fuel prices across the spectrum for June, relying on unaudited mid-month data from the Central Energy Fund.
Expected drops include 61c/l for 95ULP and 63c/l for 93ULP, with diesel and illuminating paraffin also expected to decrease.
The main factors behind these decreases are a stronger rand and lower international oil prices.
“The expectant decreases are good news for consumers who have been battered and bruised by these prices in the past few months. With these expected decreases, the price of 95ULP will dip slightly to below the R25/l mark and the price of 93ULP will cost R24.52/l. While fuel is still more expensive than it was at the beginning of the year, these forecast decreases offer some relief,” said the AA.
The Association said that while these figures are promising, it “must be remembered that this is only mid-month data and that the picture may change come month-end before the adjustments for June are made”.
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Compiled by Betha Madhomu
