South Africans can expect a big petrol price drop in January, said the AA.
The prediction is based on data released by the Central Energy Fund.
“The South African fuel price has yet to fully catch up with considerably lower international petroleum prices,” it said.
“However, a sharp depreciation of the rand versus the US dollar has been noticeable since December 4, and we will be monitoring this trend closely for the remainder of the month.”
The expected price changes are:
- Petrol – R1.19 decrease
- Diesel – R1.44 decrease
- Illuminating paraffin – R1.32 decrease
“The expected decreases are attributable to continued downward movement in international product prices.”
The AA said that “much will depend” on political and economic stability in South Africa, however.