Another petrol decrease on the cards
It is estimated that the petrol price might go down by R1.89 per litre and diesel by R1.17.
The Automobile Association (AA) has predicted another huge petrol decrease that will bring relief to many South Africans.
“Globally destructive economic instability has pushed fuel prices into drastic retreat, leading to some very rare good news for South African motorists,” said the AA.
The association said this comes from unaudited mid-month fuel price data released by the Central Energy Fund.
“Coming in the wake of March’s record fuel price reductions, South Africa is probably set for a second month of record fuel price drops for some fuel types.
“The irony is that this has come at a time when motorists and businesses are severely limited as to how they can use their vehicles.”
It is estimated that the petrol price might go down by R1.89 per litre and diesel by R1.17.
“The spat between Russia and Saudi Arabia has ended with an agreement which is expected to see global oil production reduced by nearly 10 million barrels a day in a bid to support oil prices. However, it may be a case of too little, too late,” according to the association.
The AA also said a petrol hike is not expected for the foreseeable future.
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