Festive fuel price drop

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November 30, 2016
Festive fuel price drop

CREDIT: File image

Christmas has come early for car owners this year.

Motorist will have a few more rands to spend on Christmas gifts in December.

The Automobile Association (AA) says the price of petrol is expected to drop by around 41 cents a litre‚ diesel by 38 cents and illuminating paraffin by 36 cents.

The AA was commenting on unaudited month-end fuel price data released by the Central Energy Fund.

“The Rand slumped against the US dollar in the wake of Donald Trump’s election as the next US president‚ but has regained some of its losses since then‚“ the AA said.

Result

“Over the same period‚ international petroleum prices enjoyed a brief rally before heading lower. As a result‚ the likely decline in the fuel price will be similar to what was indicated in mid-November.”

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