You are here
Home > Fuel > Mixed fuel picture for February – Automobile Association (AA)


Mixed fuel picture for February – Automobile Association (AA)

Petrol up, diesel down in February. This is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel price data released by the Central Energy Fund.

Mixed fuel price picture for February - Automobile Association (AA)

“International oil prices have reached a slightly higher plateau after climbing in the first half of January,” the AA says.

“Over the same period, the Rand has firmed gradually against the US dollar. It began the month at nearly R14.50 to the dollar and is current hovering around R14.00, offsetting the oil price rise to some degree.”

The current picture shows petrol increasing by around eight cents a litre, while diesel is set to drop by three cents and illuminating paraffin by nine cents. The difference in the price changes relates mainly to the differences in the international product prices of diesel and petrol.

“What is worth noting is that the average Rand strength against the US dollar has been increasing for nearly a month, and we are hopeful this may point to a period of greater stability for the currency,” the AA comments.

“If international oil prices continue their current stable trend, South African fuel users may see fewer of the wild swings in fuel prices which characterised 2018,” it concludes.

 

Related Post

Winning Recipe: Hino Fuel Economy And Top-Class De... Fuel economy of Hino trucks linked to top class after sales service The proven fuel economy of Hino trucks linked to top class after sales service is...
Passion for FAW rewarded with 30% fuel saving Seldom does one come across a fleet owner who so generously sings the praises of a particular brand of truck and displays such passion and pride at ge...
Monster fuel hikes ahead – AA Mid-month unaudited data from the Central Energy Fund (CEF) is predicting the biggest fuel price hike in South Africa's history by some margin. This i...
Mixed Bag Of Results For Truck Market The South African commercial vehicle market experienced a 25.6% growth during February compared to January 2018’ sales, concluding the month on 1 935 ...
mm
Tristan Wiggill
Seasoned writer, journalist, photographer, and editor.
Top