Prices for petrol, diesel, and illuminating paraffin are expected to drop in May 2021, according the the Automobile Association (AA) of South Africa.
“Fuel prices have made a turnaround from last month, with across-the-board price reductions in all fuel types expected,” said the AA.
These comments were made by the AA after the release of the unaudited month-end fuel price data by the Central Energy Fund.
The expected price changes for all fuel types in South Africa in May are as follows:
- Petrol – Decrease of 13 cents per litre
- Diesel – Decrease of 32 cents per litre
- Illuminating Paraffin – Decrease of 23 cents per litre
“The exchange rate has continued its pleasing strengthening trend against the US dollar,” it added.
“International petroleum prices, which increased slightly in the first two weeks of April, have held steady since”
The AA stated that they are hopeful the price stability will continue to provide additional relief in the short-to-medium term.