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Big fuel price drop in June - Minister

May 18 2012 at 07:43am
By SAPA

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IOL BR pi may 18 petrol pumps

Reuters

There will be a "substantial decrease" in the price of fuel next month, Energy Minister Dipuo Peters said.

There will be a “substantial decrease” in the price of fuel next month, Energy Minister Dipuo Peters said on Thursday.

Opening debate on her department's R6.8 billion budget in the National Assembly, she told MPs this would be in time for the June holidays.

“We are currently witnessing a (downward) swing in the crude oil price and I'm please to announce that next month motorists will benefit from a substantial decrease in fuel prices in time for the June holiday driving season,” Peters said, to loud applause from members.

She did not put a figure on the decrease. - Sapa


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