Wednesday, December 28, 2005

Petrol price to drop next week

The price of petrol is expected to drop by five or six cents a litre next week when South Africa switches over to cleaner, unleaded fuel on the first of January. Economists said consumers had been expecting the fuel price to drop by much more than the projected five or six cents a litre. The price of diesel should drop by as much as 14 to 15 cents a litre. This would be the third month in a row that fuel prices eased. The economists say the move should boost the country’s economy as consumer confidence had dropped toward the end of this year as the fuel price rose.

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