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IOL Motoring reports that early signs are pointing towards more fuel price relief for South Africans in July, with both petrol and diesel reductions looking likely.
If the current oil price and rand scenarios remain stable until the end of June, motorists could be looking at a petrol price cut of over 70 cents per litre, although the diesel situation looks less certain at present. Both grades of petrol dropped by R1.42 per litre at the beginning of June, bringing the price of 95 Unleaded down to R23.46 at the coast and 93 ULP down to R23.91 in Gauteng. However petrol is still around R1.70 more expensive than it was in January. Diesel has increased by just 37 cents this year, which should bode well for general inflation, particularly if there are no significant increases going forward.
- Read the full original of the report in the above regard by Jason Woosey at IOL Motoring
Get other news reports at the SA Labour News home page