At the rate, the rand is weakening, and with a stronger oil price, we could see R20 petrol by end of 2018.
At least that's what some economists are saying.
But if it happens, it won't be due to the oil price.
In fact, I foresee that the oil price is in for a dip soon…
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From midnight, a fall in the price of petrol will offset the hike seen at the beginning of July.
International oil prices have helped to lower the cost of petrol in spite of the rand's weakening trend.
Let's take a closer look at what's going on…
The petrol price is falling more than forecast
Two weeks ago, data released by the Central Energy Fund suggested that a petrol price dro... ››› more
This afternoon, the Department of Energy announced that the price of petrol and the price of diesel will drop next week. The price of fuel has scaled all-time highs as the rand has weakened against the dollar. The changes will take effect on Tuesday night at midnight just before the country is set to vote in the general election. Let's take a closer look at the changes to the price of fuel…
T... ››› more
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