Fuel price cuts expected to slow down inflation: Economist - SABC News - Breaking news, special reports,

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Fuel price cuts expected to slow down inflation: Economist - SABC News - Breaking news, special reports,
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Fuel prices are set to decrease on Wednesday for the fourth consecutive month.

Economists expect inflation to continue to slow following the announcement of another fuel price cut which takes effect from midnight on Tuesday night.The Department of Mineral and Petroleum Resources has announced a petrol price decrease of 92 cents per litre for both grades.

The wholesale price of diesel is set to decline by 79 cents a litre and illuminating paraffin by one rand 38 cents a litre.“The announced decline in the South African Fuel Price for September 2024 is a very positive development as it would reduce inflationary pressure in the South African economy.

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