As a result of the oil that is due for decrease, motorists might be able to look forward to paying less for petrol next year.
According to an online report, this stems from predictions that have been made about a possible decrease in the price of oil which could drop as low as R268.39 a barrel by next year.
A press release by the Automobile Association (AA) states, “Without the impact of the exchange rate’s recent poor showing, the predicted drops would have been in a range between 75 and 83 cents a litre.
The price of a litre of petrol dropped by 69 cents at the beginning of the month.
Petrol is showing a drop of between 55 and 64 cents a litre, diesel between 53 and 57 cents, and illuminating paraffin 60 cents.
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