AA predicts mixed outlook for fuel price

The Automobile Association (AA) says June will bring a mixed outlook for the fuel price.

May oil prices rebounded off their late-April crash while the Rand steadied around its new level.

In the video below is on the fuel price drop for April: 

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Commenting on unaudited mid-month fuel price data released by the Central Energy Fund, the AA predicts an increase in the petrol price of up to 50 cents per litre while diesel is expected to decrease by up to 56 cents a litre and illuminating paraffin a decrease of 75 cents per litre.

The AA says motorists currently have an unusual capacity to absorb fuel price increases due to the restriction of movement with regards to the ongoing lockdown.

In the video below is on South Africa likely to benefit from lower fuel prices: 

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The AA expects fuel price volatility to be substantial and long-lasting https://t.co/gAGpViD13n #ArriveAlive #FuelPrice @AASouthAfrica

— Arrive Alive (@_ArriveAlive) May 15, 2020