South Africa
AA hopes for more good petrol news in September─── 06:56 Thu, 28 Jul 2022
Although the petrol price is expected to drop for August, the Automobile Association (AA) hopes there will be another decrease in September.
The Citizen reports that the Department of Mineral Resources and Energy on Wednesday confirmed that the price of petrol will go down following a reduction in international oil prices.
AA spokesperson Layton Beard says the organisation welcomes the announcement, but notes the temporary reduction of the general fuel levy is set to end. The levy was reduced from R3.85 to R2.35 per litre after government cut it down by R1.50 initially for two months between 6 April and 31 May.
Government extended the temporary reduction from 1 June until 6 July, with the second reprieve of 75 cents per litre coming into effect on 7 July. This will end on 2 August.
However, Beard says the trajectory of international oil prices seems to be coming down and if that continues and if the rand could continue strengthening against the US dollar, then the outlook could be quite positive.
