Variable international oil prices and an equally unpredictable rand/US dollar exchange rate have combined to provide a mixed picture for fuel prices in June. This is according to an Automobile Association (AA), quoting unaudited month-end data released by the Central Energy Fund.
"International oil prices have been up and down in May. The basic petrol price has traded between 740c and 780c a litre, which averages out 19c lower for the month," the AA says.
The rand was also variable, although it traded in a fairly restricted range between roughly R14.15 and R14.60 to the US dollar.
"The rand was about 12c weaker over the month," the association said.