IOL Motoring reports that South Africans can finally look forward to some fuel price relief from this week, with petrol and diesel prices set to decrease on Wednesday.
Unaudited data from the Central Energy Fund (CEF) shows that petrol prices are likely to come down by around R1.06 per litre, while diesel is looking set to decrease by between 90 cents, for 50ppm, and R1 for 500ppm. These strong over-recoveries could see the price of 95 Unleaded petrol falling to around R23.64 at the coast and R24.43 in Gauteng, where 93 Unleaded will decrease to around R24.09. Factors like the Slate Levy, which compensates fuel companies for international oil price fluctuations during the month, could still have a bearing on the final fuel prices, which are due to be announced by the Department of Mineral Resources and Energy soon. Those filling their vehicles with petrol have been dealt a particularly hard sting this year, with the price of 95 Unleaded having risen by R2.93 since January this year. June’s predicted price decreases come mainly as a result of lower international oil prices and a stronger rand.
- Read the full original of the report in the above regard by Jason Woosey at IOL Motoring
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