Categories: South Africa

Diesel price could drop 57c in September

The expected drop in fuel prices has been welcomed by organised agriculture which is battling high input costs.

The Automobile Association (AA) said in a statement that petrol could drop by between 55c and 64c/litre, diesel by between 53c and 57c/l and illuminating paraffin 60c/l in September.

"The rand has weakened considerably against the US dollar since the last week of July. Fortunately for South African fuel users, international oil prices have continued to slip, meaning there is still a reasonable prospect of a drop in the fuel price at the end of the month," said the AA.

However, without the impact of the exchange rate’s recent poor showing, the predicted drops would have been in a range between 75c and 83c a litre, the AA said.

TAU SA general manager Benny van Zyl said any cut on input costs was welcome as it helped farmers maximise profits.

Recent Posts

Cattle branding: how to get it right every time

If branding is carried out poorly, it can lead to infection, muscle damage, and brands that are difficult to read.…

11 hours ago

Learning from Israel’s water woes

During a recent tour to farms and the AgriTech Israel exhibition in Israel, it was revealed that despite the large…

2 days ago

Using insects as animal feed

Animal feed produced from insects can deliver more tons per hectare than feed from traditional crops like soya, says an…

3 days ago

Farmers urged to participate in the Producer/Farmer Register

Minister of the Department of Agriculture, Forestry and Fisheries (DAFF), Senzeni Zokwana, recently announced the establishment of the Producer/Farmer Register…

4 days ago

Understand the power and pitfalls of trust

Trust is a potent force for good. Break it, and you and your business could suffer severe consequences.

4 days ago

DAFF’s 1 000 overpaid employees

The high cost of wages for workers in the public service is one of the major uncomfortable truths that Finance…

5 days ago

This website uses cookies.