Petrol price drop at midnight
Do you run your tank nearly dry and then fill up after the drop or could you not be bothered?
Good news for motorists who will pay less for petrol at the pumps from midnight tonight, thanks to the rand’s performance against the dollar over the past month, the Department of Energy said.
Petrol will drop by 36 cents a litre, while diesel will decline by between 44 cents and 47 cents per litre.
The department said that illuminating paraffin will decrease between 23 cents and 30 cents while liquefied petroleum gas will drop by 69 cents.
The rand appreciated, on average, against the US dollar (from R12.20 to R11.82 per US dollar) during the period under review, the department said.
“This led to a lower contribution to the basic fuel price on petrol, diesel and illuminating paraffin by 19.33c/l, 19.68c/l and 20.53 c/l respectively,” it said.
It also noted that the average Brent Crude oil price decreased from $69.06 to $65.05 per barrel during the period under review.
