{"id":100309,"date":"2015-09-22T09:06:40","date_gmt":"2015-09-22T07:06:40","guid":{"rendered":"http:\/\/germistoncitynews.co.za\/?p=100309"},"modified":"2015-09-22T09:06:40","modified_gmt":"2015-09-22T07:06:40","slug":"petrol-to-drop-by-only-seven-cents-per-litre","status":"publish","type":"post","link":"https:\/\/develop.citizen.co.za\/germiston-city-news\/news-headlines\/2015\/09\/22\/petrol-to-drop-by-only-seven-cents-per-litre\/","title":{"rendered":"Petrol to drop by only seven cents per litre"},"content":{"rendered":"

Gains in international petroleum prices have been negated by the deteriorating Rand. <\/span><\/p>\n

This is according to the Automobile Association (AA)<\/a> which was commenting on unaudited mid-month data released by the Central Energy Fund (CEF).<\/span><\/p>

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“Petrol would have been set for a drop of between 30 to 37 cents a litre, but that has been erased by the weak Rand,” the AA said.<\/p>\n

“Instead, the current data shows that the price of 95 unleaded petrol is set to remain virtually unchanged, while a slight decrease of seven cents a litre is predicted for 93 unleaded.”<\/p>

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Meanwhile, diesel consumers are in line for hefty price jumps of up to 50 cents a litre, with Rand weakness accounting for around two-thirds of the hike.<\/p>\n

Illuminating paraffin shows a similar picture.<\/p>\n

“There is little certainty on where the bottom of the oil price may be, nor on the outlook for the Rand \/ US dollar exchange rate,” the AA said.<\/p>\n

“Given the instability of the past two weeks, it is very difficult to forecast the movement of the fuel price by month end,” the AA concluded.<\/p>\n

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