Possible petrol price drop on cards
Fin24

Possible petrol price drop on cards

2013-10-15 13:30

Johannesburg - Prospects for a possible fuel price decrease at the end of October are looking positive, the Automobile Association of SA (AA) said on Tuesday.

"International petroleum prices softened between October 2 and 11, giving an over-recovery of between 10 and 12 cents per litre for diesel, 15 cents for illuminating paraffin and 24 to 25 cents for petrol," the AA said in a statement.

"While the exchange rate has remained largely stable over the same period, with a negative impact of below three cents per litre, the AA cautions that the effects of a possible US debt default make this situation largely unpredictable."

The general view seemed to be that US politicians would smooth out their differences before the October 17 deadline for raising that country's debt ceiling.

"However, if a US default does take place, the effects on international exchange rates and the South African economy will be difficult to predict and could affect our fuel price outlook as well," the AA said.

Comments
  • Stephen Brookes - 2013-10-15 13:39

    So.... 12 cents down october, most probably 90c up next month.

      Konstabel Koekemoer - 2013-10-15 13:50

      Hopefully not, but once e-tolling launches we will probably soon see an increase in fuel levies to subsidize the foreign owned E-toll collection company who will not even collect enough money to cover their costs. E-tolling will cost SA dearly so the sooner we make the system fail the better.

  • Alta Steyn - 2013-10-15 13:41

    Yip. You got that right! :-)

  • Ras Jah Moolka Mokwena - 2013-10-15 13:51

    What ,3c? Nx bored

  • Kalahari Kgalagadi Safaris - 2013-10-15 13:58

    ANC corrupt fools lift the price with 200c and 'decrease' it with 25c ? You dont fool us corrupt anc fools

      Michael Lesiba Maraba - 2013-10-16 10:55

      Sheperd my friend its time we stop being loyal to a party and only be loyal to the future of our country. if the rulling party is not good for our country then we shud vote for one thats good. Just think of our children's future and you will see my argument and point of view.

  • Thomas Gower - 2013-10-15 14:00

    Today a reduction of say 12c litre 2 weeks time an increase of 50c who are they trying to fool

  • Makhosonke Mqikela - 2013-10-15 14:22

    A ploy to appease would be voters. Sorry I'm not convinced b***dy politicians.

  • Boikanyo Elton Mokgatle - 2013-10-15 14:39

    It could be early Xmas present shame......

  • Martin Peter - 2013-10-15 14:39

    They are simply getting prepared to have the road deaths reduced during december by nailing us then with a huge fuel increase. This will not allow us the time to get "used to" the new price and prevent many people from going away on holiday. So the gov will look like they have achieved something.

  • Zee Tiyo - 2013-10-15 14:44

    Since Zuma signed e-Toll we might see little fuel price decrease , Joburg motorist must get e-Tags please.Fuel price is very high.

  • Vickers Vermeulen - 2013-10-15 20:23

    That 25c can be used instead of e-tolls. I am quite sure most motorists in Gauteng will be more than willing to make the sacrifice.

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