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Energy department advises private organizations not to make fuel price predictions
The AA predicted a drop in gasoline of about four cents per liter and a drop in diesel of 19 cents, while projecting that illuminating paraffin would drop by 24 cents. However, the department announced that both grades of gasoline will increase by one penny per liter.
Groups like the Automobile Association (AA) generally publicly forecast whether fuel will increase or decrease ahead of government statements. Image: EWN
JOHANNESBURG – The energy department says organizations that predict fuel prices should always wait until the government makes an official announcement.
Groups like the Automobile Association (AA) generally publicly forecast whether fuel will increase or decrease ahead of government statements.
Last week, the AA predicted a drop in the price of gasoline of about four cents per liter and a drop in diesel of 19 cents, while it projected that illuminating wax would fall by 24 cents.
However, the department announced Monday afternoon that both gasoline grades will increase by one penny per liter starting Wednesday.
He said diesel will see a drop of 21 cents per liter and lighting wax will decrease by 35 cents.
Department spokesman Robert Maake said: “The only organizations that should be doing that is the energy department because they have a mandate to change and adjust fuel prices. As you can see, what the department is announcing now and what the organizations have said are not the same.
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