Announcement on fuel price expected today

There have been estimations that the petrol price may drop by 22 cents a litre.

Petrol price may drop but the prospect of the price of diesel significantly dropping is bleak. Picture: EWN.

CAPE TOWN - Another fuel price adjustment is expected to be announced by the Energy Department today.

There have been estimations that the petrol price could drop by 22 cents a litre.

But the prospect of the price of diesel significantly dropping is bleak.

Economist Azar Jammine explains why a dip in fuel price is expected.

"Mainly on account of the fact that the international price of crude oil has declined, compared with what prevailed in September. That is attributable to the fact that it does appear as though the northern winter will be a little warmer than what has been anticipated."