The price of diesel is likely to come down slightly next month - but petrol will go up again.Based on unaudited data from the Central Energy Fund (CEF). the Automobile Association (AA) says the the year did not get off to a good note for all grades of fuel, but any form of relief for consumers is welcome, especially going into the Easter holidays.
According to the latest data from the CEF, ULP95 is expected to climb by around 10 c/litre, and ULP93 by around 9 c/l. The wholesale price of diesel is expected to decrease by between 34c/l and 38c/l while the cost of illuminating paraffin is slated to come down by around 47 c/l.
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“The decrease in diesel and paraffin prices is certainly good news; diesel is a big input cost in major sectors such as agriculture, mining, manufacturing, and retailing, and an increase here often contributes to increased prices of basic commodities.
“If the Rand/US Dollar exchange rate, as well as the movement in international product prices, continues in its current downward trajectory, there is a likelihood that by the time the Department of Mineral Resources and Energy (DMRE) makes the official adjustment for next month, the under-recovery will be significantly less and result in a much-needed price decrease,” says the AA.
Colin Windell
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