Home Economy Expect petrol prices to grow in February – AA                                

Expect petrol prices to grow in February – AA                                

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The Automobile Association (AA) switched their February fuel prediction for South Africa, saying petrol costs will go up slightly to an increase of eight cents a litre.

However, diesel prices will be downed by three cents and illuminating paraffin — by nine cents, said a research based on unaudited month-end fuel price data released by the Central Energy Fund.

“International oil prices have reached a slightly higher plateau after climbing in the first half of January,” the AA said. The organization further added that rand continued to straightening against the dollar, which provided positive vibes to the Republic’s fuel sector on the other hand.

If a bouncing factor of International oil prices remains stable, South African motorists may see fewer wild swings in fuel prices, compared to 2018, AA commented.

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