Petrol: Price could drop by 31 cents soon

2008-07-31 00:00

The petrol price is expected to drop by about 31 cents a litre on Wednesday due to the softening in the oil price in July and a strengthening in the rand in relation to the dollar, Dynamic Wealth senior economist Johan van Tonder told The Witness.

The petrol price may drop again by 80 cents a litre in September if the oil price remains at around $120 a barrel and the rand remains at about R7,40 to the dollar. “In addition, the price of diesel may drop by R1,13 cents a litre should the above conditions be met.” publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.