Significant drop in petrol price expected
Despite this positive picture, predicting the likely position at the end of July remains complex
After several petrol price hikes the past couple of months, motorists can expect a welcome relief with an expected drop in the price of petrol next month.
The substantial decrease expected comes in the wake of South Africans reaping the benefit of the weak oil price and the strengthening rand in the face of Brexit, the Automobile Association (AA) announced on Friday.
“The mid-month data sees petrol poised for a drop of up to 83 cents a litre, with diesel set for a reduction of 45 cents and illuminating paraffin around 42 cents a litre down,” the AA said in a statement.
Despite this positive picture, predicting the likely position at the end of July remains complex, the AA said.
“We advise motorists to maintain a conservative approach and not take on additional expenses in the expectation of sustained fuel price drops,” it said.
