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Petrol price set to drop on Wednesday
Motorists are in for a relief this month as the petrol price is set to decrease on Wednesday.
The Department of Energy has announced that the price of all grades of petrol will drop by 25 cents on Wednesday, while the price of diesel will decrease by 23 cents.
The price decreases are as follows:
- Petrol (95 Octane, ULP and LRP): 25 cents per litre (c/l);
- Petrol (93 Octane, ULP and LRP): 25 c/l;
- Diesel (0.05% sulphur): 23 c/l;
- Diesel (0.005% sulphur): 23 c/l;
- Illuminating Paraffin [IP] (wholesale): 22 c/l;
- SMNRP [Single Maximum National Retail Price] for IP: 30 c/l, and
- Maximum LPGas Retail Price: 77 c/kg.
South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.
International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including shipping costs.
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