Robust rand reduces petrol price pressure

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Cape Town - Fuel prices will increase in February but not as much as expected, following the rand's comeback against the US dollar in late January.

Commenting on unaudited month-end fuel price data released by the Central Energy Fund, the Automobile Association (AA) said on Friday the strengthening of the rand by about 10 cents to the dollar has caused a marked improvement in the fuel price picture since mid-month.

"International oil prices remain near their recent highs, but the rand has strengthened around ten cents against the US dollar since January 15," the AA said.

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Rand - Dollar
14.12
-0.0%
Rand - Pound
19.92
-0.0%
Rand - Euro
17.16
-0.0%
Rand - Aus dollar
11.00
-0.0%
Rand - Yen
0.13
-0.0%
Gold
1,843.76
0.0%
Silver
27.42
0.0%
Palladium
2,894.50
0.0%
Platinum
1,229.50
0.0%
Brent Crude
68.71
+2.5%
Top 40
60,573
+0.6%
All Share
66,598
+0.7%
Resource 10
69,386
-0.1%
Industrial 25
83,277
+0.9%
Financial 15
12,685
+1.5%
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