South Africa: Fuel cut on the cards

source: Fin24
Jul 08 2010 17:48

Johannesburg – Fuel prices could fall again this month, according to some analysts.

The Energy Department is expected to announce new fuel prices on Friday July 9. Petrol, diesel and paraffin are expected to cost a few cents less.

“We’re looking at the petrol price coming down by between 15 and 18 cents a litre (c/l). We expect diesel to come down by between 15 and 16 cents a litre and paraffin to come down by about 12 cents a litre,” said Reggie Sibiya, Fuel Retailers Association CEO.

Econometrix senior economist Tony Twine said he was expecting a [continue reading]

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