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Turnaround in fuel prices - AA

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The Automobile Association of South Africa said there was a turnaround in fuel prices from last month, with across-the-board price reductions in all fuel types expected in May.

The AA was commenting on Friday on unaudited month-end fuel price data released by the Central Energy Fund.

The Association said the price of petrol is expected to be cheaper by around 13 cents a litre, with diesel showing a 32 cents-a-litre drop and illuminating paraffin down by 23 cents.

"The exchange rate has continued its pleasing strengthening trend against the US dollar. International petroleum prices, which increased slightly in the first two weeks of April, have held steady since," the AA said.

The Association said fuel users are expected to have a breather in May from the series of fuel price increases earlier in the year.

"As we head into winter, South Africans who use paraffin for lighting, cooking, and heating especially will no doubt be glad at this news. For its part, the AA is hopeful the recent streak of price stability will continue to provide more price relief to fuel users in the short to medium term."

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