30c Petrol price cut next week

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.

Posted with WordPress for BlackBerry.

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