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 Debt counselling – the two sides of the coin
Being overindebted doesn’t just put a strain on your personal finances; it also puts a strain on your state of mind. The best solution is to start the process of debt counselling so that you can escape the debt cycle. But what are the ups and downs of joining this debt relief programme?
Travel ban – how to claim for the loss incurred
As with the recent Covid-19 pandemic, governments sometimes issue travel bans to prevent people from travelling to other countries. This becomes even more complicated if you’ve already planned and paid for your trip. Your flights will be cancelled, and you may lose money from cancelled accommodation arrangements. How do you claim for the financial losses incurred due to a travel ban?
How to finance and insure a second-hand vehicle
Buying a second-hand vehicle may suit your budget better than acquiring a new one. But what impact does an older model have on vehicle finance and car insurance? We reached out to specialists in the field to explain what the financial implications are of pursuing a second-hand vehicle.
Reading your loan agreement: look out for this
Many people don’t read their loan agreements. They just sign on the dotted line without realising that they could be signing their lives away. But it’s important to review your loan agreement before and after taking your loan to avoid future setbacks.
Udemy online course for R180
When: Until 27 March 2020
Educate your kids for free with Skills Share
Take advantage of payment holidays from Standard Bank and Nedbank
When: From 1 April to 30 June 2020