Motorists can look forward to start the new year on a positive note.
Azar Jammine, the chief economist at Econometrix, said in a press statement the petrol price could drop by between 90c and R1 a litre next month, which would have a positive effect on both Joe Public’s pocket as well as businesses.
The Department of Energy on Monday projected a R1.03 a litre fall on January 7.
This would mean the Gauteng petrol will drop to R11.44 a litre, which would be the lowest since August 2012, from R12.47 a litre at present. The Gauteng petrol price peaked at a record R14.39 a litre in April.
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