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Fuel Price Indicators February 2012

The fuel price trend over the past 2 weeks is predicting a further increase in the price of petrol (up by around 20 cents) and about 6 cents up for diesel.

Current international prices are the highest since beginning of December with very little prospect of falling due to the Syrian and Iranian political situations together with a freezing Northern Hemisphere.  In South Africa, the only real buffer we have is the strongish Rand.  If the Dollar/Rand exchange rate heads back over R8/$ the potential increases could be doubled.

 

Automobile Association of South Africa (AA)
011 799 1180
press@aasa.co.za

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