MOTORISTS can expect another fuel price drop in September.
This is according to the latest Central Energy Fund data.
BusinessDay reported that a stronger rand currency and lower international petroleum price could lead to a possible relief of R2,63/L of 95 octane unleaded petrol.
The publication also reported that 93 octane was facing a possible reduction of R2,48 and significant drop of up to R2,27 in the wholesale of diesel.
This much-anticipated relief comes after the Mineral Resources and Energy Minister Gwede Mantashe recently announced the adjustment of fuel prices with effect from 3 August.
According to the Automobile Association (AA), fuel prices in Mzansi remained high, and previous increases would still impact the economy in the coming months.
“Decreases offer immediate relief but increases filter into the economy over time, especially as those sectors affected don’t immediately adjust prices downward. Instead, they wait for more consistent cuts that lower their input costs.
“We stand by our call that a review of the price structure and audit of the components that comprise the price is essential and long overdue to offer sustainable solutions that mitigate against rising fuel costs,” said the AA.