Motorists will be paying less for all grades of fuel next month, according to the Automobile Association (AA).
Data released by the Central Energy Fund has confirmed that petrol is set to drop by 24 cents for 93 unleaded and 33 cents for 95 unleaded, while diesel will be down by around 93 cents and illuminating paraffin by 78 cents.
"The rand's daily average dipped as low as R16.10 to the US dollar on September 18, following a long downward trend which began in the first week of August. However, a steep jump to around R16.90 followed by a brief plateau and a further spike to nearly R17.20 caught watchers unawares, and there is rightly some concern about the rand's short- to medium-term trajectory," the AA said in a statement.
If the trend of a weakening rand and rising international fuel prices continues, it could be extremely negative for South African fuel users.
“Trends since early August have been stronger for the rand and cheaper for oil but it’s too early to tell whether the spikes in both were a blip or the start of a more sustained reversal. Motorists should continue to be wary given the ongoing instability in both local and global economies," the organisation added.