later this week. This after the petrol price went up above R20 a litre for the first time in the country’s history earlier this month.at the beginning of this month.But now, the rand has regained some of its strength thus improving the chance of the price of petrol to come back below R20 a litre.
Fears over the spread of the Omicron variant overseas has led to a decrease in global demand for oil resulting in a significant fall in the international oil price.The Department of Mineral Resources & Energy is expected to announce the new petrol price adjustment on Friday.Meanwhile, earlier in December the Automobile Association welcomed the suggestion by Finance Minister, Enoch Godongwana to change the way fuel price is calculated.
Godongwana told Parliament during a question and answer session that government was considering reforming the way the fuel price is calculated.Fuel Costs | Treasury may intervene to support changes in fuel pricing:
Are we expected to rejoice for a two bob decrease?
Mxm!!!! 2 bob decrease😅
Sobona khona 🙄
If they're decreasing they should do R2.00
But for how much will it be declining...
Aoooo
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