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Fin24 reports that the price of both 93 and 95 unleaded petrol will be lowered by R2.04 a litre on Wednesday, the Department of Mineral Resources and Energy announced on Monday.
This will lower the price of 95 petrol in Gauteng to R23.38 a litre, from a record high of R26.74 in July. Nevertheless, petrol cost only R19.61 at the start of the year. This week's cut of 8% in the 95 petrol price will be the biggest monthly percentage decline since early 2020. Diesel will be reduced by between 46.34 c a litre and 56.34c a litre. The department expects that demand for diesel will tighten which could lead to possible diesel price increases in future. The price of illuminating paraffin will fall by 82c a litre. The fuel prices are determined by the price of oil and the rand-dollar exchange rate.
- Read the full original of the report in the above regard at Fin24
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