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BusinessLive reports that, as has been the trend recently, motorists driving diesel cars will enjoy a big fuel price cut in May, while petrol drivers will be hit with another hike.
The Central Energy Fund (CEF) announced a 73.4c/l decrease in the wholesale price of high-sulphur 0.05% diesel and a 47.54c/l decrease for low-sulphur 0.005% diesel. The price of illuminating paraffin decreased 44c/l. But, there is a 37c/l increase in the price of both grades of petrol (93 ULP and 95 ULP), breaching the R23/l mark inland for the first time this year. The price changes came into effect at midnight. The CEF attributed the changes to the average international product prices for petrol increasing during the period under review, while diesel and illuminating paraffin decreased. The rand appreciated against the US dollar during the period. From 3 May, the fuel levy will increase to 396 c/l and 382.0 c/l respectively in the price structure of both petrol and diesel.
- Read the full original of the report in the above regard at BusinessLive
- See too, Petrol price hike to see motorists pay more than R23 per litre, at EWN
- En ook, Dieselprys daal, maar petrol gaan jou meer kos, by Maroela Media
Get other news reports at the SA Labour News home page