Rising oil prices threaten meaningful relief at the pumps
“The Central Energy Fund has basically said that the amount of the drop you can expect in the petrol price has significantly decreased over the last couple of weeks.
At the end of June, we were expecting something in excess of R3 in terms of a drop coming through because of the price of crude oil plus the strength of the rand.
The latest data from the Central Energy Fund shows petrol prices could drop by just over a rand per litre next month.
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