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The Automobile Association of South Africa says the latest unaudited data from the Central Energy Fund indicates a second consecutive month of price decreases for petrol and paraffin.
However, the AA said the data is indicating that the price of Diesel is set to go up when fuel prices are adjusted next Wednesday.
"The breakdown of the data shows that the average exchange rate used in the basic fuel price decreased over June from around R19.50 to the US Dollar to around R18.80 to the USD, which accounts for most of the petrol price decrease,” said the spokesperson, Layton Beard.
He said, however, that the movement in international oil prices is impacting negatively on the price of diesel, contributing significantly to its expected increase.
“According to the data, both grades of petrol are expected to decrease by between 17c/l and 25c/l, while diesel is expected to increase by around 20c/litre. Illuminating paraffin is set for a marginal decrease of three cents a litre,” he said.
Beard said the "decrease to the price of petrol is naturally welcome news and will provide some relief to embattled consumers.”
“The increase to diesel, though, means input costs in, among other sectors, the agricultural and manufacturing sectors, are also likely to increase which may result in higher prices for consumers."
