Fuel price set to plummet again in May, says AA

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Fuel price set to plummet again in May, says AA
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This is according to the Automobile Association (AA), which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund.

“The spat between Russia and Saudi Arabia has ended with an agreement which is expected to see global oil production reduced by nearly ten million barrels a day in a bid to support oil prices. However, it may be a case of too little, too late,” says the AA.

The association says that even the rand's vast crash against the US dollar since March has not been enough to offset the steep decline in oil prices.

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