Could there be any petrol relief?
However, further instability in the Rand/dollar exchange rate could offset possible a drop.
"The good news is that preliminary data from the Central Energy Fund (CEF) for the middle of July is showing firm reductions in international petroleum prices," the AA said.
The exchange rate
"The exchange rate picture is less positive, with the Rand having steadily depreciated against the US dollar since the end of last month,” said the AA.
After a period of stability towards the last week of June, the exchange rate has climbed from R12.20 to the dollar to R12.43 to the dollar this morning (20 July 2015).
The drop in international petroleum prices has kept ahead of the exchange rate though, meaning that petrol is currently in line for a reduction of 28 cents a litre, with diesel and illuminating paraffin set for a decline of around 50 to 55 cents a litre.
"The fuel price has shown increasing volatility in recent months, and we advise motorists to maintain a prudent stance towards their fuel expenditure," said the AA.
New fuel prices announcements are expected at the beginning of August.
Featured What are the financial personalities?
Everybody has a unique way of approaching their personal finances. This is based on a combination of our unique life experiences. But did you know that your financial personality could, in fact, be defined?
How much should you spend on a tax practitioner?
You could do your taxes yourself, or you could hire someone to do it for you. If you decide to go with the latter, you may wonder how much this would cost you.
The President Hotel Free Wine Tastings
Where: Cape Town
Riverside Monday Special
The Leonardo Anniversary Package Special
When: Until 31 December 2021