The price of both petrol and diesel is likely to drop from July if things stay steady until the month end.

The price of petrol is expected to drop between 60 and 64 cents per litre from the beginning of July. The AA announced its predictions after mid-month data showed that the price of oil has dropped by around 8 percent since the beginning of June. The Rand had held firm until that point in the month, which should reflect a 60 cent drop in diesel and a 57 cent drop for illuminating paraffin.

The AA was quoted as saying "The Rand remained mostly stable against the US dollar in the first half of June, with strength in the currency contributing three cents a litre to the drop," "The big move was from oil, which shrugged off OPEC's production quotas to drop by around eight percent since the start of the month."

The predictionswere made prior to the June 19 announcement by the Public Protector that recommended changes to the constitution. The rand has since lost 1.4% against the US Dollar, which will no doubt diminish the drop in the fuel price somewhat.

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