Significant drop in fuel prices ahead of the festive period
3 December 2018
The Cape Chamber of Commerce and Industry has welcomed the significant drop in the price of both diesel and petrol as a Christmas bonus for the hard-pressed people of South Africa.
“It will make a big difference to the holiday season and we could see a boost in internal tourism,” said Ms Janine Myburgh, President of the Chamber. “This will be welcome after the tourism losses during last year’s drought.”
She said the second thing to note was that we were having to deal with fairly wild fluctuations in fuel prices and this made planning difficult for business.
“I understand that the reasons were that the exchange rate and the oil price both moved in our favour at the same time, but we need to find ways to stabilize the prices. I know that these are factors beyond our control but we must bear them in mind in the review of the fuel price review.”