Fuel trending downwards for January

Fuel prices are set for month-end decreases according to the Automobile Association (AA). The current data predicts a decrease in petrol of nearly 41 cents a litre, with diesel down by 23 cents and illuminating paraffin dropping 26 cents. 

The Rand/US dollar exchange rate has had one of its flattest periods of trading in recent times. It has traded in a very narrow band between R12.30 and R12.40 to the US currency since the last week of December, bringing some welcome stability.

The international prices of petrol and diesel were also stable over the same period, although there was a slight climb in both in the second week of January. Continued stability in fuel prices for 2018 will largely depend on political and economic factors which affect South Africa’s attractiveness as an investment destination.

AA press release, 15 January 2018