The price of fuel could soon decrease
There's a possibility of a substantial fuel price decrease next week.
The Department of Energy is expected to announce the adjustments over the weekend which will take effect on Wednesday.
Efficient Group Economist, Francois Stoffberg says we saw the international price of brent crude fall from above $50 to about $45 for a barrel.
"The rand really helping us by strengthening from last month's R15.20 odd 30c meaning that we would most likely see a petrol price decrease in something of the region of 75c to 90c.
"[This is], definitely some good news for the consumer in South Africa," he said.