Lees jou gunsteling-tydskrifte en -koerante nou alles op een plek teen slegs R99 p.m. Word 'n intekenaar
Sake
Slight increases in petrol price predicted

Motorists are likely to face a small increase in the prices of all fuel, except 95 Octane petrol, in February, the Automobile Association of SA (AA) predicts.

Commenting on mid-month fuel price data released by the Central Energy Fund, the AA said should current trends continue, the price of 95 Octane Unleaded petrol can drop by about 8 c a litre for February, while 93 Octane will rise by 1 c a litre.

This will narrow the price gap between the two grades of petrol in the inland regions, where 93 currently sells for R15,84 a litre and 95 for R16,16. The latter is the only grade available at the coast, where it costs R15,52. Diesel looks set for a 13 c a litre hike for both grades from the first Wednesday in February.

However, given the recent volatility in both the South African currency and the international crude oil market, it is becoming increasingly difficult to predict where fuel prices are heading.

“International oil prices surged by nearly two dollars a gallon in late December 2019, before beginning a recovery which was halted by the recent tensions between the USA and Iran,” the AA said.

“In the first week of January 2020, the two dollar mark was tested again, albeit with a slight recovery since.”

The rand has also been on a roller coaster of late, having dropped as low as R13,95 to the US greenback at the tail end of December, before ticking back up. It was trading at R14,41 on 15 January, however oil has also retreated from its near $70 highs recorded earlier in January, to trade at $64,41 at the time of writing.

If tensions between the US and Iran continue to escalate it is likely to be bad news for local petrol prices, given the vulnerability of oil fields in the Middle East.

MyStem: Het jy meer op die hart?

Stuur jou mening van 300 woorde of minder na MyStem@netwerk24.com en ons sal dit vir publikasie oorweeg. Onthou om jou naam en van, ‘n kop-en-skouers foto en jou dorp of stad in te sluit.

Ons kommentaarbeleid

Netwerk24 ondersteun ’n intelligente, oop gesprek en waardeer sinvolle bydraes deur ons lesers. Lewer hier kommentaar wat relevant is tot die onderwerp van die artikel. Jou mening is vir ons belangrik en kan verdere menings of ondersoeke stimuleer. Geldige kritiek en meningsverskille is aanvaarbaar, maar dit is nie 'n platform vir haatspraak of persoonlike aanvalle nie. Kommentaar wat irrelevant, onnodig aggressief of beledigend is, sal verwyder word. Lees ons volledige kommentaarbeleid hier.

Kontak Paarl Post Kontak ons
Stemme

Hallo, jy moet ingeteken wees of registreer om artikels te lees.