As of Wednesday, 3 July, motorists will pay 99 cents less than in June 2024 to fill up with 95 Unleaded petrol and just over R1 less than in June this year to fill up with 93 Unleaded petrol.
Neil Roets, CEO of Debt Rescue, says the tiny price drop will not make any meaningful difference in the lives of most citizens.
Citizens can barely afford to put three square meals on the table every day. South Africans are buying less food because of pressure on household finances and the first items to go are nutritional food sources, says Roets.
Consumers facing another increaseRoets believes the money consumers will be saving from the petrol drop will not make any difference, as the decrease comes two days after the municipal tariff increase for electricity .
The minute drop in the petrol price for July announced by the Department of Mineral Resources and Energy (DMRE) simply adds insult to injury - while South African consumers face an onslaught from all directions as they buckle under the weight of the cost-of-living crisis.
