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Fuel-price drop relief

NEXT week’s 93 cents fuel-price drop will be a much-needed post-Christmas present for cash-strapped consumers.
This is according to the AA, which yesterday said the price drop would be a great relief for motorists.

The comment comes after the Department of Energy yesterday announced that the price of all grades of petrol would drop by 93 cents a litre on Wednesday next week.
The price of diesel (0.05 and 0.005 percent sulphur) would decrease by R1.02 a litre.

AA public affairs manager Marius Luyt said that, with most consumers still recovering from Christmas spending and back-to-school purchases, the price cut would go a long way in many homes.

“It’s great news for consumers because it means more money in their pockets.”
However, Luyt cautioned against overspending.

“People need to be wary about a possible increase in the future.
“We don’t know when there’ll be a sudden spike in the fuel price.”

Neil Roets, chief executive of Debt Rescue, one of the largest debt counselling firms in the country, said that, while the drop was to be welcomed, consumers should not see this as an chance to stack up even more debt. – Staff Reporter

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