30c Petrol price cut next weekPosted: June 27, 2011
Good news for South African motorist. The price of petrol is to drop by 30c in the coming weeks.
The price cuts come as a result of the International Energy Agency’s (IEA) announcement that its 28 member countries would release 2 million additional barrels of oil a day, over 30 days, starting this week.
This is response to the supplies lost due to the Libyan conflict. Here’s to hoping that OPEC does not retaliate by lowering production.
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