Economists anticipate further petrol price drops

The price of petrol decreased at midnight with the price of 93 octane dropping by R1,27 cents a litre.

The price of diesel has dropped by R1,5 cents. Picture: EPA.

JOHANNESBURG - Consumers are hoping for a further petrol price decrease next month due to the global fall in crude oil prices.

The price of petrol decreased at midnight with the price of 93 octane dropping by R1,27 cents a litre while 95 octane dropped by R1,23 cents.

The price of diesel has dropped by R1,05 cents.

Lehumo capital MD Maudi Lentsoane says, "We certainly are in a very good position to see a further decline in the petrol price. The big 'if' is if the rand has to behave. If we see a decline in the rand, it would counter some of those benefits we are seeing from the drop in the petrol price."

Find out what you can _ spend your savings on._