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Transport News

Despite the recently added heavy fuel levy, it seems petrol is still going to drop in June by around 4 cents per litre.

Diesel is also set to drop by around 33 cents per litre.

Even illuminating paraffin will go down by around 34 cents.

The drops would have been bigger but government needs the income and so has hit motorists and transport firms with a big additional 15 cent/litre tax. Still, this is good news and continues the recent trend. It may however be the last such drop.

What happens next depends on international oil prices, the ongoing US trade tariff war and the value of the Rand vs Dollar. Some economists are already saying we will likely start to see a swing back into petrol price hikes in the near future.