Unleaded 95 octane petrol expected to cost less in February
The cost of unleaded 95 octane petrol is expected to drop by eight cents a litre next month.
However, the Automobile Association says 93 octane petrol is set for a slight increase of a cent a litre.
Unaudited mid-month data indicates an increase of 13 cents for diesel and ten cents for illuminating paraffin.
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The AA says international oil prices had begun to recover after surging by nearly two dollars a gallon in late December, but the recent tensions between the US and Iran halted the recovery.
It says the political tensions in the Middle East are likely to produce continued uncertainty which would feed into oil price movements.
"The Rand's performance will be key in keeping any further oil hikes at bay," the AA says.
