{"id":130604,"date":"2016-08-16T07:04:05","date_gmt":"2016-08-16T05:04:05","guid":{"rendered":"http:\/\/germistoncitynews.co.za\/?p=130604"},"modified":"2016-08-15T16:06:34","modified_gmt":"2016-08-15T14:06:34","slug":"another-fuel-price-drop-could-be-on-the-cards","status":"publish","type":"post","link":"https:\/\/develop.citizen.co.za\/germiston-city-news\/news-headlines\/2016\/08\/16\/another-fuel-price-drop-could-be-on-the-cards\/","title":{"rendered":"Another fuel price drop could be on the cards"},"content":{"rendered":"

As the\u00a0Rand continues to gain strength and out-muscled the climbing oil price, a raising possibility of substantial fuel price cuts this month end looms.<\/p>\n

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

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“The Rand firmed substantially against the US dollar in the first fortnight of August,” the AA cs.<\/p>\n

“However, international petroleum prices showed a sharp jump over the same period. Fortunately for South Africans, the Rand is ahead in the contest, and the current data indicates considerable price reductions at month end.”<\/p>

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Petrol is slated for a reduction of up to 69 cents a litre, diesel 94 cents, and illuminating paraffin is showing a potential drop of 92 cents.<\/p>\n

“The fuel price for September will depend on whether the Rand can continue to counter upward trends in international petroleum prices,” the AA commented.<\/p>\n

“Any flattening out of the Rand’s gains would be negative for the fuel price, but there would have to be a substantial reversal for the current picture to be spoiled before the end of August,” the Association concluded.<\/p>\n<\/div>\n<\/p>

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