petrolpumpThe Citizen reports that motorists will pay less for petrol and diesel at the pumps from Wednesday with the cuts no doubt to be welcomed by cash-strapped motorists ahead of the festive season.

The Department of Mineral Resources and Energy (DMRE) announced that both the price of 93-octane and 95-octane petrol would decrease by 51 cents per litre. The price of diesel (0.05% sulphur) will decrease by 21 cents per litre, while diesel with 0.005% sulphur will go down by 19 cents per litre. Illuminating paraffin will cost 1 cent less per litre, while the price of LP gas will decrease by 61 cents/kg. When the fuel price adjustments kicks in, a litre of 93 unleaded petrol will cost R20.97 per litre, while 95 unleaded will be R21.12 a litre. The wholesale price of 0.05% (500 PPM) diesel will decrease to R19.13 per litre and 0.005% (50 PPM) will cost R9.20 a litre. Several factors, including international petroleum product prices and the rand-US dollar exchange rate, contributed to the decrease in petrol and diesel prices.


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