The retail petrol price could be cut by as much 25 cents a litre in November, but the weakening rand is killing any benefit we would have gotten from the cheaper oil, said analysts. Oil fell more than $7 on Friday, dropping below $80 a barrel for the first time in a year on fears of slowing demand. Economists estimate a cut of between 20 cents a litre and 25 cents a litre on November 5. - Lihle Z Mtshali
The retail petrol price could be cut by as much 25 cents a litre in November, but the weakening rand is killing any benefit we would have gotten from the cheaper oil, said analysts. Oil fell more than $7 on Friday, dropping below $80 a barrel for the first time in a year on fears of slowing demand. Economists estimate a cut of between 20 cents a litre and 25 cents a litre on November 5. - Lihle Z Mtshali
Weak rand spoils petrol cut
The retail petrol price could be cut by as much 25 cents a litre in November, but the weakening rand is killing any benefit we would have gotten from the cheaper oil, said analysts. Oil fell more than $7 on Friday, dropping below $80 a barrel for the first time in a year on fears of slowing demand. Economists estimate a cut of between 20 cents a litre and 25 cents a litre on November 5. - Lihle Z Mtshali
The retail petrol price could be cut by as much 25 cents a litre in November, but the weakening rand is killing any benefit we would have gotten from the cheaper oil, said analysts. Oil fell more than $7 on Friday, dropping below $80 a barrel for the first time in a year on fears of slowing demand. Economists estimate a cut of between 20 cents a litre and 25 cents a litre on November 5. - Lihle Z Mtshali
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Latest Videos