The energy department announced that fuel prices are expected to fall next week..
JOHANNESBURG – Economists said on Sunday that relief from the next fuel cut would not be felt immediately, despite the reduction coming as a result of a stronger rand.
The energy department announced that fuel prices are expected to fall next week.
The slight decline comes after last month’s record increase, which saw a liter of gasoline cost at least R17.32.
As of midnight on Tuesday, the price of gasoline will decrease by about nine cents per liter, diesel with 31 cents per liter and 23 cents per liter for paraffin.
Economist Dawie Roodt said: “Certainly this is good news, but I don’t think it will make much difference to the average consumer, and in any case, it takes some time before that kind of price change reaches the rest of the economy. So , yes, it will make a little difference for the average consumer (sic), but not so much. It takes time before we see these cascading effects making way for the economy. ”