File: A fuel pump. AFP/Daniel Leal
JOHANNESBURG - Motorists could be in for significant relief at the pumps, with just a week to go before the next fuel price adjustment kicks in.
The latest data from the Central Energy Fund shows fuel prices are on track for a steep decline in July.
Petrol prices are expected to drop by between R2.90 and R3 per litre.
Diesel users could benefit even more, with a projected decrease of between R4 and R5 per litre.
The expected cuts come after Brent crude oil prices retreated sharply over the past month, falling below the 80-dollar-a-barrel mark.
This follows improving stability in the Middle East after geopolitical tensions eased.
An interim agreement between the United States and Iran has allowed oil tankers to resume movement through the Strait of Hormuz