--
 
BMW X Range: Command any road

Highly adventurous or more of an urban traveller? The BMW X Range offers the perfect model for every lifestyle. - Sponsored

11 ways to drive fuel efficiently in SA

We list more tips and methods on how to stretch the fuel in your car, as well as stretching your wallet.

Weak Rand, Gordhan controversy affect SA fuel prices

2016-09-15 12:30

POLITICAL INFLUENCE: The recent investigation into finance minister Pravin Gordhan has had a negative effect on the exchange-rate and fuel price. Image: iStock

Cape Town - South Africa's recent period of fuel price reductions is set for a reversal as the weakening Rand and stronger international petroleum prices combine at the pumps.

This is the view of the Automobile Association (AA), which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund (CEF).

Political influence

The AA said: "The Rand's slow, steady appreciation against the US dollar during July and August was dealt a considerable setback by the controversy surrounding the Hawks' investigation of finance minister, Pravin Gordhan.

"At around the same time, international petroleum prices began to appreciate, and the combined effect will be particularly significant for users of petrol."

READ: Oil strength, Gordhan jitters put the brakes on SA fuel drop

While diesel and illuminating paraffin are currently showing increases of around 24 cents per litre, the current data on petrol shows the hike is likely to be around 51c.

The AA added: "With the Rand still on a weakening trend against the US dollar, the fuel price move at the end of September will depend largely on international petroleum prices.

"Any significant international event which leads to further oil price strength is almost certain to be bad news at the pumps for South Africans."


Read more on:    aa  |  automobile association  |  cape town  |  diesel  |  fuel  |  petrol  |  oil

Inside Wheels24

BP fights rising fuel prices for SA motorists

BP's new fuel, Ultimate with Active technology, will, theoretically, extend your car's fuel range while reducing maintenance costs. Read more.

There are new stories on the homepage. Click here to see them.