With the decline in international oil prices, the petrol price looks set to drop by up to 64 cents a litre.
With reports of an oil surplus and increased shale gas production, the price of Brent Crude Oil has continued to drop.
The Automobile Association's Layton Beard said, “Petrol is showing a drop of between 55 and 64 cents a litre, diesel between 53 and 57 cents and illuminating paraffin 60 cents.”
There have been concerns over high fuel prices, with the Reserve Bank warning that the repo rate may have to be adjusted if inflation is not kept in check.
