Biggest petrol price drop in history could be coming in January 2015

17 December 2014 - 15:19 By Times LIVE
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The Automobile Association says petrol price drop coming on the first Wednesday of 2015 could be among the largest on record.

The AA says based on the unaudited mid-December fuel price data released by the Central Energy Fund the petrol price is set for a drop of between 105 cents and 107 cents per litre.

The price of diesel is likely to be around 85 cents a litre and illuminating paraffin by 90 cents per litre.

The AA says that the likely month-end figure is difficult to predict precisely, as international petroleum prices continue to decline while the Rand follows its weakening trend against the US dollar.

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