Tuesday , March 2 2021

The price of gasoline is likely to increase in February: AA

The price of petrol and diesel fuel is likely to increase in February, according to the Automobile Association (AA).

The AA commented unpaid weekend fuel price data published by the Central Energy Fund (CEE).

The current photo shows that gasoline increases by about eight cents per liter, while diesel is dropped by three cents and the paraffin enlightens in nine cents, in view of AA.

The difference in price changes mainly refers to the differences in international prices of diesel and gasoline products.

"International oil prices have reached a higher tide after escalating in the first half of January," said AA.

"During the same period, the rand has gradually signed against the US dollar."

The AA noted that the average strength of the ranking against the US dollar has increased for almost a month, and the association expects this to mean a period of greater currency stability.

"If international oil prices continue with their current stable trend, fuel consumers in South Africa could see fewer unblocks of fuel prices that characterized the 2018," concluded AA.

At the beginning of this month, the AA still predicted that the price of fuel would probably fall in February, according to unlisted monthly fuel price data published by the CEF.

At this time, the AA warned that these figures could fluctuate during the second half of the month due to changes in the price of international oil and the exchange rate Rand / Dollar that "could also throw a key in the works ".

The current price of the coastal coastline for a liter of unleaded 95 octane gasoline is R14.01. If this were to reduce by 12c a liter, the new price would be R13.89 / l.

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