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oil price by month

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Oil price by month

It is good news for motorists as the energy sector pundits predict oil prices will decrease significantly in October.

As a matter of fact, the drop in oil prices may even have been much lower had it not been for the strengthening of international petroleum prices.

In South Africa, you have experts saying the prices will drop despite Rand’s poor performance against the US dollar.

In fact, SA media quotes data published by the Central Energy Fund (CEF), that indicated that the price of petrol will drop by a whopping 36 cents-per-litre come October. Its, even more, smiles for diesel consumers because the latter is expected to drop by as much as 85-cents-per-litre with some reports placing the price drop at an entire 93 cents per litre.

That is not it, paraffin is also anticipated …