Petrol price to fall


HOL­I­DAY trav­ellers can ex­pect some re­lief at the petrol pump in the new year, as the price of petrol – which was threat­en­ing to hit R15/litre – could drop next Wed­nes­day on the back of a stronger rand.

But con­sumers are in for a rough ride next year as the prices of other es­sen­tial com­modi­ties con­tinue to rise.

The rand has been hold­ing strong and is the strong­est per­former among emerg­ing mar­ket cur­ren­cies in re­cent days. When the lo­cal mar­ket opened yes­ter­day after the Christmas break, the rand inched firmer by al­most 2.47% at R12.47/$.

The lo­cal unit is still rid­ing the wave of pos­i­tive sen­ti­ment fol­low­ing Cyril

Ramaphosa’s elec­tion as the leader of the gov­ern­ing ANC and helped by a global rally in re­sources prices.

Cyril Ramaphosa

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