As of midnight on 4 August, petrol prices will drop by 51 cents and diesel will drop by almost 76 cents, bringing relief to consumers. This, as per a statement released by the Department of Energy.
“The oil price has shown a gradual downward trend, and has continued to decline since our mid-July review of the fuel price picture,” the AA said in a statement.
They added that despite some Rand weakness against the US dollar recently, the South African currency unit has traded in a fairly tight band around R12.40 to the dollar since mid-July. “The result is that most of the benefit of lower international product prices will be passed on to the motorist.”
At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
