Petrol Price to DROP by between 55 and 64 cents. The petrol price is set to drop in September by between 55 and 64 cents, the Automobile Association (AA) said on Monday.
The petrol price drop was due to a steep drop in oil prices, which has been offset somewhat by the sharp climb in the Rand /US dollar exchange rate.
“The Rand has weakened considerably against the US dollar since the last week of July,” the AA said.
The AA said petrol was expected to drop between 55 and 64 cents a litre, diesel between 53 and 57 cents, and illuminating paraffin 60 cents.
“While a slight levelling off has become apparent in the downward trend of international petroleum prices, we are confident that fuel prices will drop at the end of August. But if oil prices flatten out, motorists will be at the whim of the Rand in coming months,” the AA concluded.
The price of petrol dropped by 51 cents per litre in August.