Petrol price cut on the cards

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Tuesday, 25th November 2008 at 8:52 am

Petrol price cut on the cards

We may be in for a bit of a Christmas cheer come December 3 when the The department of minerals and energy (DME) could cut the price of petrol by R1.65, provided the daily over-recovery remains at or above the November 21 level. This would mean that the price of petrol would have dropped by R3.39 since the price peaked at R10.70 a litre in Gauteng in July. The petrol price was cut by 30 cents per litre in August, 74 cents in September, 25 cents in October and by a further 45 cents in November. As long as the world oil prices remain at the levels they are and the Rand does like wise we should be in line for a petrol price cut next week.

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