crude oil and finished products at a price set at the international level, including“The demand for petrol is less than what it usually is during the driving season. Motorists are driving less due inflationary pressures, higher interest rates and persistent lockdowns in China. This has led to a decrease in the price of petrol during this period,” the energy department said.
John Loos, a property sector strategist at First National Bank, said the drop in the petrol price would ease cost pressures for commuters feeling the pinch from a depressed economy. “Staff working in offices have been feeling the financial pain of commuting in recent months and this may have led to a greater number working more of the time from home than may have been the case in a scenario where petrol prices had remained low all along,” Loos said.
“Granted, petrol is still expensive, and as such still keeps transport costs high, but every price cut helps.”
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It won't change the food prices and has anyone asked if taxi transport costs have EVER come down when there was a fuel price decrease? 🙄
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But food prices stays the same?
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