The decrease in the price of oil comes as a result of a massive oversupply, which will see the price remain low, well into 2016.
After consecutive petrol price hikes and an increased fuel levy, coupled with e-toll bills, the consumer who owns a car, particularly in Gauteng, has been hit hard this year.
A drop in the price of oil could filter down to a decrease in the petrol price or at least allow the price to stabilise.
We may have the US to thank for a potential fuel price drop, all of its fracking has led to a change in the supply/demand relationship for oil.
