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Fuel price to decrease?


THERE may be some good news on the cards for consumers as the price of oil has started to steadily decrease again.

The decrease in the price of oil comes as a result of a massive oversupply, which will see the price remain low, well into 2016.

After consecutive petrol price hikes and an increased fuel levy, coupled with e-toll bills, the consumer who owns a car, particularly in Gauteng, has been hit hard this year.

 A drop in the price of oil could filter down to a decrease in the petrol price or at least allow the price to stabilise.

We may have the US to thank for a potential fuel price drop, all of its fracking has led to a change in the supply/demand relationship for oil.


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