A fuel price cut in January
Fuel prices are likely to fall further in the new year with an expected price cut of seven cents on January 4th. According to I-Net Bridge, a stronger rand and lower oil price is the main reason for the price cut. Meanwhile, thousands of tons of European fuel is to be imported into South Africa next month. At least 150-thousand tons will be imported to deal with supply gaps following the recent shortage of fuel due to refinery upgrades and maintenance.