Petrol price expected to drop

Consumers, already buoyed by Finance Minister Trevor Manuel’s so-called good news budget earlier this week, can expect a further bonanza next month when the petrol price is expected to drop. Economists say the petrol price could drop by as much as ten cents a litre because of the over recovery of 11 cents that motorists are paying at present. The over recovery on diesel is one cent and on paraffin almost six cents. The stronger rand and dramatic drop in oil prices are mainly responsible for the expected drop in the price of petrol.