Guiding consumers since 2009

Fuel price looks set to drop

By Jessica Anne Wood

According to the Automobile Association of South Africa (AA), fuel prices will likely decrease in June, bringing much needed relief to motorists. This is based on the unaudited month-end fuel price data released by the Central Energy Fund (CEF).

“Our expectation for June is that petrol will drop by up to 26 cents a litre, with a 20 cent drop for both diesel and illuminating paraffin,” said the AA.

The reason for the decrease is due to the Rand performing well against the US Dollar during May, as well as the “retreating international petroleum prices.”

"With political uncertainty set to continue, our medium-term outlook for the fuel price is that lower international petroleum prices will be key to maintaining local fuel price stability if the Rand weakens again," added the AA.

The official fuel price announcement for June will take place later this week by the Department of Energy.

 

 Handy tip: Need car insurance? You can apply here.

Recent Articles

Featured These factors will fluctuate your car insurance excess

When you take out car insurance, your monthly premium is a given. However, you may also need to pay an excess amount if you claim from your policy. But which factors may increase your excess, and how can you bring it down?

Is income protection available to everyone?

If you’re involved in an accident and you’re unable to continue working, how will you ensure that your bills are paid? One way to prepare for this is to take out income protection cover. However, can you do this if you’re a freelancer?

Aligning your financial goals in a relationship

When two people enter into a partnership through dating, marriage, co-habiting, etc, usually theres an enormous amount of effort spent on finding commonalities. However, this process often neglects the financial status and long term goals of each member.

How will your personal information be protected by your insurers?

POPI forces industries to reconsider how they handle client’s personal details. This is particularly good news for sensitive products, such as insurance.  We find out what POPI is all about, and we see how your information will be protected.

Deals

Bakwena Day Spa Black Friday Vouchers

Price: From R549
When: Until 27 November 2020
Where: Broederstroom, Centurion, Kuils River

One & Only Hotel Complimentary Nights

Price: Available on request
When: Until 17 December 2020
Where: Cape Town

Spur’s Unreal Breakfast Special

Price: R39.90
When: Daily
Where: Nationwide


Latest Guide

Guide to debt rehabilitation solutions