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Huge drop in petrol prices expected

The Energy Dept will make an announcement on a possible fuel price decrease later today.

Generic: Petrol pump at BP station. Picture: EWN.

CAPE TOWN - The Automobile Association expects the petrol price to be cut by more than 40 cents a litre from next week.

The Energy Department will make the announcement later today on a possible fuel price decrease.

The association's Layton Beard said this comes off the back of the oil price showing a gradual downward trend.

"We expected that the petrol prices could be lower by between 47 to 49 cents a litre, with diesel down by approximately 70 cents. We expect illuminating paraffin would also be set for a drop of around 68 cents a litre."

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