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

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