July fuel price relief likely

The Automobile association says a fuel price drop is likely in July 2019. Getty

Some financial relief is in sight for battered motorists, with the Automobile Association (AA) predicting a drop in the fuel price in July.

The price of petrol is expected drop by 91 cents a litre, while diesel is expected to cost 70 cents a litre less.

“The story of the month is definitely oil,” the AA said in a statement on Friday.

“Crude laboured above $70 a barrel for large portions of April and May, as the tug-of-war continued between the OPEC countries, which favour ongoing output restrictions, and the USA, where production is steaming ahead.”

Source – eNCA

Be the first to comment

Leave a Reply

Your email address will not be published.


*


20 + 5 =