Relief: petrol price expected to ease a little

2010-05-20 00:00

MOTORISTS can expect minor relief on fuel pri­ces next month. Early indications are that the petrol price will drop between 10 and 15 cents a litre at the beginning of June.

Although this is not a major decline, it is welcome news for motorists who have had to put up with hefty petrol price increases in recent months.

The price of unleaded petrol (coastal region) has risen by about 11% this year to almost R8,50 a litre.

Dynamic Wealth’s chief economist, Professor Chris Harmse, told The Witness that consu­mers could be in for another mild price decline in July.

Harmse added that oil prices could move below $70 per barrel over the next few weeks, and although the diesel price is expected to remain relatively stable, the over-recovery on the petrol price amounts to about 15 cents a litre.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. 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.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.