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The Automobile Association (AA) stated that motorists could expect "mbadive" declines in gas prices in December, but that these could be tempered by adjustments to the retail margin and basically, as well as the possible continued use of Slate Levy.
This is in line with the unverified end-of-month fuel price data published by the Central Energy Fund (CEF).
"The good news is a likely reduction in the price of gasoline from 1.85 euro per liter, with a drop in diesel estimated at 1.40 and a decrease in paraffin brightening of 1.28. With these expected declines, fuel prices will return to levels last seen around mid-2018, "said AA spokeswoman Layton Beard.
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"These mbadive declines result from a combination of substantial declines in international oil prices and a slightly firmer rand, which has strengthened against the US dollar since its last peak in early September at near the coast of 15.50 Rands, "he said. .
He added that the drop in fuel prices over the last year had shown how much the impact of international oil prices and the US dollar exchange rate on the lives of ordinary citizens.
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