Massive petrol price drop on the cards

19 November 2014 - 13:22 By Times LIVE

The AA says based on current data the petrol price will drop between 69 and 72 cents per litre on the first Wednesday of December.

It says  continued declines in international fuel prices have offset a marginally weaker Rand / US dollar exchange rate and motorists look set to reap the benefits at month end.

“Petroleum prices have dropped by more than ten percent over the past 15 days and the exchange rate has weakened only slightly in the same period.”

The AA says based on the current data, petrol is set to drop by between 69 and 72 cents per litre, with diesel showing an expected reduction of around 49 cents per litre. A decrease of around 43 cents per litre is on the cards for users of illuminating paraffin.