The diesel price may be cut by 78c a litre next week, while the petrol price should remain largely unchanged.
Fuel prices, which will be adjusted on Wednesday 5 April, are largely determined by the oil price, as well as the rand - as oil is priced in dollar. The association cautions that the data is only reflecting the basic fuel price, and that other factors such as zone differential costs , and adjustments to the Slate Levy may still be made by the Department of Mineral Resources and Energy. These adjustments will impact prices, but this will only be announced next week.
While the Brent oil price has fallen from above $84 a barrel to around $80, the rand has taken a big knock this month. In recent days it has been steadying, getting a major lift following a bigger-than-expected rate hike on Thursday.
_Business
_Business Every second we receive a good news about our economy