Petrol set for big drop

The Star Early Edition - - FRONT PAGE -

THERE’S good news for con­sumers as it’s ex­pected the petrol price will fall by about 70c a litre on De­cem­ber 3, ac­cord­ing to the lat­est cal­cu­la­tion by the Depart­ment of En­ergy.

This fol­lows a de­crease of 45 cents a litre ear­lier this month.

The ex­pected de­crease was largely due to the de­cline in the in­ter­na­tional oil price, which was marginally off­set by the weaker rand against the US dol­lar, Mar­ius Luyt, an AA spokesman, said.

“Over the past 15 days, the in­ter­na­tional oil price has dropped by 10 per­cent. On the other hand, the rand has only weak­ened slightly,” Luyt added.

As a re­sult, the AA ex­pected the price of petrol to drop by be­tween 69 and 72 cents a litre on the first Wed­nes­day of De­cem­ber, he said.

Diesel might fall by around 50 cents, while il­lu­mi­nat­ing paraf­fin could drop by 44 cents a litre, ac­cord­ing to Business Re­port. – Staff Re­porter

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