Initial predictions and estimates from the Automobile Association (AA) for SA suggests that road users are in for some relief in the next month or two.
The AA of SA is suggesting there's a decrease in the cost of petrol and diesel. With a prediction of as much as 91 cents per litre and 70 cents for the diesel, things are looking better for the motorists.
"The story of the month is definitely oil," says the AA. "Crude laboured above $70 a barrel for large portions of April and May, as the tug-of-war continued between the OPEC countries, which favour ongoing output restrictions, and the USA, where production is steaming ahead."
"South Africans are not getting full value though, thanks to Rand jitters in the wake of the ANC top leadership trading jibes over the future of the Reserve Bank," the AA comments."After a period of sustained price stability, the Rand weakened substantially against the US dollar, taking some of the shine off oil's retreat."
We'll keep you posted as we head closer to the end of June 2019.