NATIONAL NEWS - Fuel price trends have tipped into negative territory, with price hikes on the cards for June.
This is according to the Automobile Association, which was commenting on the Central Energy Fund’s mid-month unaudited fuel price data.
“Despite the relative stability of the Rand/US dollar exchange rate, the basic fuel price has been driven upwards by increases in international petroleum prices,” the AA said.
“Although some price stability has been evident in recent days, a substantial appreciation in either the exchange rate or international pricing would be needed maintain the current fuel price come month end.”
“Despite the relative stability of the Rand/US dollar exchange rate, the basic fuel price has been driven upwards by increases in international petroleum prices,” the AA said.
“Although some price stability has been evident in recent days, a substantial appreciation in either the exchange rate or international pricing would be needed maintain the current fuel price come month end.”
