Petrol price relief expected
MOTORISTS may have some relief this month with the price of petrol expected to decrease.
Despite last month’s prediction that the price could increase this month, the Automobile Association (AA) says the fuel price moderated during October, which will prove good news for motorists.
According to the unaudited monthend fuel price data released by the Central Energy Fund, petrol is likely to drop by 16 cents a litre, with both diesel and paraffin expected to increase by 30 cents a litre.
‘The exchange rate started the month badly, but has since levelled out.
‘The rand’s modest gains against the US dollar have helped cushion the impact of rises in the landed price of fuel in the case of diesel and illuminating paraffin.
‘Both diesel and illuminating paraffin experienced substantial jumps in their landed prices, whereas the landed price of petrol remained almost unchanged in October,’ the AA said.
Their statement added that the international petroleum prices have shown modest declines in the past month.
‘This could be seen as a cause for optimism.’
‘If the rand maintains its current trajectory of relative stability, this could augur well for the fuel prices as the Christmas season approaches. However, we caution against premature celebration,’ the AA said.
Tips for motorists to improve their fuel efficiency
• Avoid unnessary detours/plan your
• Service your car according to the manufacturers recommended schedule. Poor maintenance can significantly increase fuel consumption.
• Check your tyre pressure regularly. Low tyre pressure increases your drag.
• Moderate your speed, and drive smoothly, maintaining a steady speed.
• Use your air conditioner sparingly.