The price of petrol and diesel is expected to drop by as much as 27 cents per litre on December 1, just in time for the holidays.

The price of petrol and diesel is expected to drop by as much as 27 cents per litre on December 1, just in time for the holidays.

The Department of Mineral and Energy Affairs announced on Wednesday that the prices for all octanes of petrol could fall by about 23 cents per litre. Diesel with a 0,3 per cent sulphur content would by cut by 25 cents a litre, while diesel with a sulphur content of 0,05 per cent would drop by 27 cents.

The official adjustments will only be confirmed later in the week, though the department cited the rand's recent strong performance against the dollar and the drop in international oil prices.

The lower prices will give consumers some relief ahead of the festive season following back-to-back fuel increases over the past months.