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South African motorists can expect fuel prices to remain "virtually unchanged" until August, according to the Automobile Association.
The reprieve of the recent price increase is due to "the improvement of exchange rates" and "pensions". "In July, the recent trend of weakening the rand against the US dollar has slowed," said AA, pointing out that the local currency was down. During the same period, international oil prices fell slightly, almost canceling the losses of the rand.
"As a result, gasoline is expected to increase by about two cents a liter, and illuminating paraffin by four cents a liter," the Association said.
"On the plus side, diesel will be cheaper by about four cents per liter.After several successive increases in fuel prices, motorists and other fuel users should blow, and the overall price stability fuel in July will be a relief for many. "
AA noted that international oil prices have risen slightly in late July and said motorists' budgets would likely remain under pressure for the rest of the year.
"2018 was a year of volatile fuel prices, and the price of oil and rand Ryan Bubear
<img src =" http://www.carmag.co.za/wp-content/ authors / RyanBubear-1.jpg "clbad =" avatar picture "alt =" Ryan has spent most of his career in online media, writing about everything from sports to politics and other forms. of crime. But his true pbadion – revived by a 1971 Austin Mini Mk3 still tucked away in a dark corner of his garage – is of the automotive variety.
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