Cape Argus reports that according to the Department of Energy, motorists can expect a fuel price drop on Wednesday, which will be the first in six months.
The department indicated as follows: “On July 3, the price of 93 ULP petrol will drop by 96 cents a litre, while 95 ULP will cost 95 cents less a litre. Diesel (0.05 percent sulphur) will decrease by 74.78 cents a litre and Diesel (0.005 percent sulphur) will cost 75.78 cents a litre less. The price of paraffin will be reduced by 57 cents a litre.” The fuel price drop comes against a background of lower international oil prices throughout June. The Automobile Association (AA) commented thus: “Although the rand re-strengthened against the dollar towards month end, the exchange rate average for the month is negative by about 11 cents, meaning fuel users missed out on an even bigger drop. Looking forward, the prime driver of fuel price movements for the third quarter of 2019 is likely to be the oil price.”
- Read the full original of Mwangi Githahu’s report on the fuel price at Cape Argus
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