Fuel price set to plunge amidst current wages strike
A welcoming relief for motorists is in sight with fuel prices set to drop in August.
NATIONAL – This comes after the unaudited month-end fuel price data released by the Central Energy Fund (CEF). Petrol will fall by around R1 a litre, diesel by approximately 70 cents, and illuminating paraffin by about 66 cents.
Taking the prevailing and difficult economic conditions, the drop in fuel prices will come as a welcome breather to both motorists and the transport industry.
The predicted drop in the fuel prices comes amid industrial action in the petroleum sector affecting refineries and depots of petroleum companies.
Regarding this strike, the South African Petroleum Industries Association (SAPIA) indicated fuel was in supply, and that it had contingency plans in place for the strike. Motorists are advised to stick to their normal refueling patterns to assist the petroleum industry in ensuring supply.
There is no clear indication, as yet when CEPPAWU and fuel suppliers will come to an agreement to end the strike for a 9% wage increase and better job security.
Reviewonline would like to know from its readers whether the petrol price drop in August will give them a welcome relief, or not?
