DStv Channel 403 Friday, 19 April 2024

Petrol price expected to drop next week

There is some respite for motorists next week as the petrol price is expected to drop slightly. Diesel users aren't so lucky.

 

JOHANNESBURG - There is some respite for motorists next week as the petrol price is expected to drop slightly.

But diesel users aren't so lucky.

Month-end data from the Central Energy Fund shows the petrol price could drop by R1 per litre.

Diesel, however, is showing an under-recovery, meaning a potential increase of 10c per litre.

Analysts say the difference in the prices of diesel and petrol boils down to supply and demand.

There is a high demand for diesel globally as Europe struggles to meet electricity needs.

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