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Gasoline price to rise in February – AA



The price of gasoline is expected to rise and diesel prices in February, according to the Automobile Association (AA).

AA was commenting on unaudited end-of-month fuel price data released by the Central Energy Fund (CEF).

The current picture shows that gasoline increases by about eight cents per liter while diesel is expected to drop three cents and light paraffin by nine cents, according to AA.

The difference in price variations mainly refers to differences in the international prices of diesel and gasoline.

"International oil prices have reached a slightly higher level after rising in the first half of January," said the analyst.

"In the same period, the rand has gradually established against the US dollar."

The AA has pointed out that the average strength of the rand against the US dollar has been rising for almost a month, and the association is hopeful that this may indicate a period of greater stability for the currency.

"If international oil prices continue in their current stable trend, South Africa's fuel users may have less fuel price swings that characterized 2018," AA concluded.

Earlier this month, AA further predicted that fuel prices would likely fall in February, based on unaudited mid-month fuel price data released by CEF.

At the time AA warned that those numbers could fluctuate in the second half of the month due to changes in the international oil price and the dollar / rand exchange rate that "could also play a wrench in the works."

The current price of the coast for a liter of unleaded 95 octane gasoline is $ 14.01. If this reduced by 12c a liter, the new price would be R13.89 / l.


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