Big petrol price drop in August
Motorists have endured a series of petrol price hikes since the year started.
A MASSIVE drop in the petrol price is expected next month, the Automobile Association (AA) announced today (Friday).
This comes as a result of weakening oil prices and the strengthening rand in the wake of Brexit.
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.
Despite this positive picture, predicting the likely position at the end of July remains complex, the AA said.
Motorists have endured a series of petrol price hikes since the year started.
This month petrol increased by 11 cents per litre, while diesel went up by up to 42c/l.
Last month the pump price of petrol rose by 52 c/l for all grades, while diesel increased by a whopping 76c/l.
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