South Africa Lowers Petrol Prices Again Amid Rising Oil Costs 🚗

Global oil prices are ticking up again. Brent Crude oil is back above 60 dollars a barrel. But that's still half of what it was mid last year. Most net importing countries have benefited from the lower energy costs. South Africa in particular managed to cut petrol prices 6 times since mid-2014. Good news for consumers, but financial advisers are warning South Africans should remain tight on their budget. CCTV's Sumitra Nydoo takes a look at what consumers are doing with the extra cash in their pockets