Petrol price might soon go up again, warns economist

JOHANNESBURG - Economist Professor Bonke Dumisa warns that the petrol price decrease might be short-lived.

He says there is a likelihood that the oil-producing countries will cut production to push up the price.

The price of fuel is decreasing substantially on Wednesday.

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Both grades of petrol will be 71 cents cheaper while diesel will decrease by between 80 to 84 cents per litre.

Illuminating paraffin will decrease by 43 cents a litre.

Gas prices however will rise by 75 cents per kilogramme.

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