Changes in global oil market likely to influence petrol price drop - economist

📆 23/06/2023 7:46 a. m.
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Leading local economist, Dawie Roodt said that he suspects that a lot of Russian oil actually entered the market that we are not aware of.

JOHANNESBURG - With another small petrol price drop predicted for next month there are suspicions among some economists that this may be caused by more oil entering the global market undetected.READ: AA predicts significant fuel price decreases coming in June

Economist Dawie Roodt said that he suspects that a lot of Russian oil actually entered the market that we are not aware of. "Keeping in mind that there is a cap on how much you are allowed to pay for Russian oil as well, so that in a way forces the international oil petrol price lower as well."

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