Petrol price drop could have sting in its tail


petrol-pump

Cape Town – The expected fall in the petrol price in December will certainly be good news for SA, but there is a sting in the tail, economist Dawie Roodt of the Efficient Group told Fin24 on Friday.

“The lower international price of oil is partly reflecting a weak global economy. Unfortunately a weak global economy also pushes other commodity prices down – commodities of which SA is a major exporter,” explained Roodt.

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