What will the petrol price cut save you?

The petrol price is set to come down again on the 6th of January 2010. This is very welcome news given that the holiday season tends to be a major drain on personal finances and starting the New Year with a tight budget is traditional. Cutting the petrol price actively saves you by keeping money in your pocket. The price will be cut by 9 cents a litre for 93 octane and 6 cents a litre for 95 octane. So what will that save you in 93 octane for these cars?

• City Golf 49 litre tank = R 4.41 less
• BMW 70 litre tank = R 6.30 less
• Hilux 160 litre tank = R 14.40 less

These prices may not seem like much but if you fill up once a week then you would save R748.80 on your Hilux over the course of a year. Small amounts add up. Something that you can do to maximise the benefit of these petrol savings would be to take the actually cash from the difference of what you are paying and put it aside somewhere. Then if you need that emergency tyre change or to get a small dent repaired, then you won't have to dig into your budget to deal with anything like that.

Petrol is a major driver of the economy, even if you do not drive yourself, chances are that you will still use public transport. All the goods in the shops require petrol to get them from where they are made to where you can buy them from. Petrol is a major factor in the economy. Even a small decrease of 9 cents will save the 9 point 8 million vehicles on our roads a whopping R 686 000 per litre. Now that is a very welcome boost to a straining economy going into the New Year.