A litt­le re­lief in sig­ht

George Herald - Southern Cape Property Guide & Auto Dealer - - Auto Dealer -

Fu­el pri­ces are set for month-end de­cre­a­ses. This is ac­cor­ding to the Au­to­mo­bi­le As­so­ci­a­ti­on (AA), which was com­menting on mid-month fu­el p­ri­ce da­ta re­le­a­sed by the Cen­tral E­ner­gy Fund.

“The rand to US dol­lar ex­chan­ge ra­te has had one of its flat­test pe­ri­ods of tra­ding in re­cent ti­mes,” the AA says.

“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 as­so­ci­a­ti­on no­tes that the in­ter­na­ti­o­nal pri­ces of pe­trol and die­sel we­re al­so sta­ble o­ver the sa­me pe­ri­od, alt­hough the­re was a s­lig­ht climb in both du­ring the se­cond week of Ja­nu­a­ry.

“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 AA says.

“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.”

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