#Country Updates #News #South Africa #Upstream Oil & Gas News

Good news about petrol and diesel prices in South Africa

The petrol price is expected to drop by around 13 cents a litre while the price of diesel is expected to decline by 32 cents a litre.

This is according to the Automobile Association (AA) which was commenting on unaudited month-end fuel price data released by the Central Energy Fund.

“Fuel prices have made a turnaround from last month, with across-the-board price reductions in all fuel types expected when the Department of Mineral Resources and Energy announces adjustments for May,” the AA said.

“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.”

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Source: Mybroadband

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