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Fuel cheer as exchange rate holds steady

Dec 7, 2020 | Press releases

Fuel prices are set to drop in March as South Africans benefit from a stable exchange rate and lower international fuel prices. This is according to the unaudited month-end fuel data released by the Central Energy Fund.

The Rand was trading at around R12.00 to the US dollar at the start of February, and has gradually strengthened to an average level approaching R11.80 for the month.

Over the same period, international fuel prices dropped sharply. Although they have subsequently climbed, the increase has been moderate enough for South African fuel users to see some benefit.

We expect petrol to drop by up to 38 cents a litre, diesel by 47 cents and illuminating paraffin by 26 cents.

If the Rand maintains its current stable trend against the US dollar, the main driver of fuel price changes in the near future will be international petroleum prices

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The Automobile Association of South Africa

For over 90 years, we’ve provided you with roadside rescue and security, so you know you can rely on the Automobile Association day and night.

We aim to empower you as a road user and add value to your life with our products and services.

Media

Walking Safely to School project launched in Mamelodi to keep learners safe on the road

Joint project to roll-out countrywide in coming years The Automobile Association (AA) and ChildSafe South Africa, supported by international road safety charity the FIA Foundation and its Child Health Initiative (CHI), today take a significant step towards improving road safety in Mamelodi, Tshwane through the launch of the Walking Safely to School (WATCH) project. The project is further being supported and endorsed by the City of Tshwane, Gauteng Department of Education, and the Gauteng...
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Minor relief, if any, expected for fuel prices in August

Following two consecutive months of substantial fuel decreases, the tide appears to be turning and South Africans can expect either minor relief at the pumps in petrol prices and slight increases to diesel and paraffin prices in August. According to the Automobile Association (AA), current unaudited data from the Central Energy Fund (CEF) is indicating these trends at mid-month. These trends are likely to change as the month progresses. The current numbers are showing 95ULP down by around...
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New Ministers must step up government’s service to citizens

The finalisation of the Cabinet of National Unity by President Cyril Ramaphosa has brought certainty to the leadership of key government departments, a move welcomed by the Automobile Association (AA). The Association notes that Ms Barbara Creecy, appointed as the new Minister of Transport, and Mr GwedeMantashe, re-appointed as the Minister of Mineral and Petroleum Resources, must now ensure effective leadership with a view to making meaningful inroads into critical areas managed by their...
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