Petrol price could drop 64 cents next month
There has been an ongoing decline in international petroleum prices.
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The Automobile Association of South Africa (AA) has revealed the petrol price could drop by between 55 cents and 64 cents a litre in September.
Sharp climbs in the Rand/US dollar exchange rate have been offset by ongoing declines in international petroleum prices, the AA said in a statement yesterday.
At mid-noon on Monday, the rand was trading at 14-year lows at R12.91 to the dollar, having slipped to an all-time low past R20 to the pound.
Diesel is showing a drop of between 53 and 57 cents, and illuminating paraffin 60 cents.
In August the price of 93 and 95 petrol declined 51 cents, while diesel dropped by 76 cents per litre.
So far in 2015, the price of petrol has increased from R10.78/litre in January to R13.26 in August.
More on the petrol price HERE
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