Petrol and diesel prices drop in July.
South Africans had reason to cheer – after the gloom of Bafana Bafana’s recent exit from the Fifa World Cup – when the July fuel prices were announced.
On Wednesday, the price of 93-octane petrol will decrease by R2.01 per litre, while 95-octane petrol will decrease by R1.96 per litre.
Meanwhile, diesel prices will go down by R3.14 per litre for 0.05% (500ppm) sulphur and down by R3.59 per litre for 0.005% (50ppm) sulphur.
The relief at petrol pumps comes after oil prices fell following the United States and Iran signing a memorandum of understanding (MOU), which improved the global supply outlook.