Mid month fuel price outlook

A stronger rand and oil price has a mixed effect on presumed fuel prices for August 2019.

The Rand has firmed to the Dollar over the first half of July but the global oil price has increased of late.

Concern over oil stocks and more than usual political instability in the Middle East has pushed the price of ‘black gold’ upwards of $67 (Brent Crude). The result is split depending on whether you fill with diesel or petrol. Diesel is set to decrease by 20 cents while petrol could increase by 7 cents a litre. The AA makes these predictions at the half-way mark of the month, but are not a dead certainty as both prices could deviate further before month-end.

Article source: Cars.co.za

Date: Jul 15th, 2019

Article By: Cars