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The Automobile Association of South Africa says the heavy drop in international petroleum prices have outweighed a recent spike in the exchange rate.
The AA was was commenting on unaudited fuel price data released at mid-month by the Central Energy Fund.
It says based on the mid-month data, the petrol price is heading for a month-end decrease of ten to 15 cents per litre, while the picture for diesel is rosier: an estimated 32 cents per litre decline.
Data for illuminating paraffin is also showing a substantial drop of around 27 cents per litre.
The AA says the consensus from oil-producing nations seems to be that the world will enjoy lower petroleum prices in the near term, but the benefits felt by South Africans will very much depend on the exchange rate.
