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LOWER PETROL PRICE BRINGS MUCH NEEDED RELIEF FOR WORKERS AND PARENTS

The drop in the fuel price at midnight tonight, as announced by the Department of Minerals and Energy, will bring some much needed relief to workers and parents of school going children alike.

Paying 6c less for 93 Octane, 5c less for 95 Octane and a whopping 20c for diesel will have an positive effect on disposable incomes now that the expensive Festive Season is behind us. 

Parents of school going children have the extra expense of school gear and rising school fees to reckon with, whereas others are recovering from the usual Christmas and holiday spending. 

Unfortunately, as the decrease in the fuel price will be short lived due to rising oil prices, the possibility of a ripple effect on production prices will be limited.