Fuel prices will drop in July mostly thanks to the drop in international oil prices.

Some good news for motorists is on the cards for July 2019 as the price of petrol and diesel is set to decrease. Petrol is likely to drop by 86 cents a litre and diesel by 68 cents per litre. The drop comes as a result of the crude oil price dropping substantially in June to around the $60 mark.

The AA has added that "renewed tensions in the Middle East and a downturn in USA oil inventories have put pressure on the commodity, which has ticked up over the past few days." This means that reductions may not be as big as expected at month end.

Our currency has also been on the downturn, mostly thanks to the Reserve Bank 'quantity easing' misinformation. "Although the currency re-strengthened against the dollar towards month-end, the exchange rate average for the month is negative by about 11 cents, meaning fuel users missed out on an even bigger drop.

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