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Mid month fuel price outlook

16 Jul 2019

A stronger rand and oil price has a mixed effect on presumed fuel prices for August 2019.

The Rand has firmed to the Dollar over the first half of July but the global oil price has increased of late. Concern over oil stocks and more than usual political instability in the Middle East has pushed the price of ‘black gold’ upwards of $67 (Brent Crude).

The result is split depending on whether you fill with diesel or petrol. Diesel is set to decrease by 20 cents while petrol could increase by 7 cents a litre.

The AA makes these predictions at the half-way mark of the month, but are not a dead certainty as both prices could deviate further before month-end.

Source: Cars.co.za

Cars.co.za is a leading online automotive retail portal that lists more than 70 000 vehicles stocked by hundreds of dealers countrywide, as well as the top-ranked branded SA YouTube channel. In 2015, Cars.co.za repositioned itself as a consumer champion by optimising its editorial content for the purposes of engaging and empowering its users. The Cars.co.za Ownership Satisfaction Survey, in association with Lightstone Consumer, and the Cars.co.za Consumer Awards – powered by WesBank, underlines the company’s objective to be the most comprehensive resource to South African vehicle buyers.

Go to: http://www.cars.co.za