A pity we didn't see a price cut during the Festive Season.
Johannesburg - South African petrol pump prices will fall by about 18% next week to the lowest since March 2007 due to a drop in the international oil price, helping to ease inflation.
A statement from the minerals and energy department on Friday said the most widely used 95 octane petrol would drop by R1.34 a litre on January 7 to R6.01 in the main commercial hub of Gauteng from R7.35 previously.
"We are expecting inflation to fall rapidly and this should add to the pace of the decline but it is not likely to be significant."
A big chunk of household expenditure is on food and transport costs, which have been the main drivers of inflation.
|
clipped from www.fin24.com
1 comment:
We were lucky enough to see the gas price drop dramatically here over the festive season. At its lowest we were paying $0.662 Canadian per litre. It's now up to $0.75 CAN today though, probably 'cause everyone's going back to work tomorrow. It's a lot better than around $1.44 CAN per litre in the summer here.
Post a Comment