Petrol price relief for SA motorists

Motorists are looking forward to the decrease in the petrol price with effect from Tuesday midnight.

The price of petrol will decrease by 93 cents a litre and diesel by R1.02 a litre.

This coupled with the news last week that the Reserve Bank will keep the repo rate steady is a sign that pressure on consumers is easing.

However, Neil Roets CEO debt management company Debt Rescue, says money saved from travel costs must be put to good use.
“We really welcome this price reduction. But we feel it’s very important that people use this wisely to pay off current debt and more specifically unsecured debt which carries higher interest rates. What is very important is for people to draw up a budget and stay with that budget. And if something like this happens, like the price decrease that we are seeing now, then they must make use of it.”

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