Good news as the current data shows the price of petrol and diesel could drop significantly in September 2022.

The current data from the Department of Energy (via Businesstech) paints a happier picture for South African motorists, who have been under considerable financial pressure due to back-to-back increases.

Right, so as it stands, petrol could drop by around R2.60 a litre and diesel by around R2.30 a litre. Illuminating paraffin data shows a decrease by potentially 193 cents a litre.

“The decreases to fuel prices in August were offset somewhat by the 75c/l for petrol and diesel which were returned to the GFL. But the decreases expected in September don’t have that problem,” said the Automobile Association of South Africa.

Please remember that these figures are just a guide based on the current variables like global oil price and exchange rate, which can change rapidly in a short space of time. There’s good news as the international price of oil has stayed below $100 a barrel, while the Rand has gained some ground on the US Dollar.

Let’s hope the oil price and the exchange rate stay on their current trajectory so we can benefit from some relief at the pumps.

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