There's some relief for motorists as the petrol and diesel prices are expected to drop for the month of May 2021.
It has been a tough few months for motorists after back-to-back increases have hurt budgets and disposable incomes. Thankfully there's a small light at the end of this painful tunnel as some reductions are forecast for May 2021.
According to the Automobile Association (AA) who publish industry comment regarding the unaudited month-end fuel price data released by the Central Energy Fund, the price of petrol is expected to be cheaper by around 13 cents a litre, with diesel showing a potential 32 cents a litre drop. Illuminating paraffin will decrease by 23 cents.
“The exchange rate has continued its pleasing strengthening trend against the US dollar. International petroleum prices, which increased slightly in the first two weeks of April, have held steady since,” the AA says.
“As we head into winter, South Africans who use paraffin for lighting, cooking, and heating especially will no doubt be glad at this news. For its part, the AA is hopeful the recent streak of price stability will continue to provide more price relief to fuel users in the short to medium term,” the Association concludes.