... but this may be short-lived
BUNKER fuel prices tumbled this week in both Durban and Cape Town harbours, recording their biggest falls in the past three years and keeping in line with international fuel barrel price decreases, but authorities are warning that this may be short-lived.
"It all depends on what happens in Afghanistan," says Ian Grayston of Cockett Marine SA. "If the US launches a ground campaign the prices will rocket, you can bank on that. But air strikes are not likely to have the same effect, and the prices may just stay down for a while. But it could be a case of week-to-week fluctuation."
Bunker fuel in Durban dropped by US$18 per metric ton compared to the previous weekÕs figures and by $17 in Cape Town, where gas oil dropped $28 from $288 to $260. Durban saw a $20 drop in gas oil from $281 to $261.
