Rand could hamper possible fuel price drop in January
ALTHOUGH currency fluctuations make it tricky to predict January’s fuel price, indications are that consumers could look forward to a price cut of about R1 a litre.
The good news, according the AA, is that the fuel price has yet to fully catch up with the international oil prices, which have plunged in the past month.
However, the rand to dollar exchange rate could still spoil the party.
Based on mid-month unaudited data from the Central Energy Fund, the AA says a petrol price drop of up to R1.14 is possible in January, while diesel could go down by as much as R1.44.
However, the association cautions that the rand has depreciated somewhat since the beginning of this month and this could offset oil price gains “quite markedly” if it continues. |