The latest data from the Central Energy Fund (CEF) points to a flat month in August for petrol prices – though there may be good news for diesel drivers.
At mid-month, the group is showing a small increase in both grades of petrol for August, with pump prices expected to go up 7 cents per litre for 95 octane, and 4 cents per litre for 93 grade.
Diesel, however, is currently showing an over recovery of 20 cents per litre, which means at least some motorists may be paying less next month.
The flat rate in petrol prices is due a reversal in trends for both international petroleum prices and the rand/dollar exchange rate.
For the first two weeks in July, the rand has strengthened against the dollar, contributing to a 25-27 cents per litre drop in both the petrol and diesel prices.
This has been undercut by the movement in the international product prices – at least for petrol – which are contributing to a 30 to 33 cents per litre
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