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Moneyweb reports that motorists can breathe a sigh of relief once more when the price of petrol and diesel drops at midnight on Tuesday.
The Central Energy Fund (CEF) announced that there will be a 15 cents per litre decrease in all grades of petrol for August. The wholesale price of 0.05% sulphur diesel will be down by 28 cents per litre and 0.005% sulphur diesel will be 17 cents per litre cheaper. From Wednesday, inland motorists will pay as follows (coastal prices in brackets): R22.71 per litre for 93 octane unleaded petrol (R21.92); R23.11 per litre for 95 octane petrol (R22.32); R20.38 per litre for diesel with 0.05% sulphur content (R19.59); and R20.74 for diesel with 0.005% sulphur content (R19.98). Fuel prices have come down steadily since June, bringing welcome relief for consumers who have battled to keep their heads above water amid high food prices and elevated interest rates. The consumer inflation rate has also moderated. In June, consumer prices rose 5.1%, slightly down from 5.2% in the prior month. The more subdued inflation rate may prompt the SA Reserve Bank to cut interest rates at its next monetary policy committee meeting in September.
- Read the full original of the report in the above regard by Liesl Peyper at Moneyweb
- See too, Fuel prices drop more than expected in August, at TimesLIVE
Get other news reports at the SA Labour News home page