More price cuts for 2013?

3 January 2013

Economists say motorists can expect a few more petrol price cuts during 2013.

Last week, the Department of Energy announced that the price of petrol would drop by up to 15 cents a litre and the price of diesel by nearly 30 cents a litre from Wednesday, 2 January.

Economist Dawie Roodt attributed the drop to a strong rand and said he wouldn’t be surprised if it happened again.

“My suspicion is that the petrol price is likely to keep on falling over the next couple of months,” Roodt said.

“I expect the rand to remain fairly stable over the next couple of months. I’m also not surprised to see the oil price coming down as well.”

Economists say the drop will not impact spending, but will provide slight relief for motorists following the busy festive season.