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 Fund's 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 Africa's 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.