"South Africans are not getting full value though, thanks to rand jitters in the wake of the ANC top leadership trading jibes over the future of the Reserve Bank," the AA comments.
"After a period of sustained price stability, the rand weakened substantially against the US dollar, taking some of the shine off oil's retreat."
The AA says the expected price drops are nonetheless substantial, with petrol showing a 91 cent-a-litre drop at month end, with reductions of 70 cents and 62 cents respectively for diesel and illuminating paraffin. "If stability returns to the rand and oil settles at its lower level, there might yet be more good news in the pipeline.
"A lot will rely on politicians exercising restraint in their public statements. We urge government to decide on its economic policy clearly and unambiguously in private, before articulating it in public where investors are watching," it concludes.