Motorists have welcomed the announcement that all grades of petrol will decrease by 73 cents as of next week.
Releasing the petrol price on Friday, the Department of Energy said the price of all grades of petrol would decrease by 73 cents a litre from Wednesday, 1 May. In April a litre of 95 ULP in Gauteng rose by 12 cents costing motorists R13.20 a litre.
Friday’s announcement of a drop follows on three consecutive increases in the petrol price.
A litre of Diesel 0.05% Suphur will decrease by 55.56 cents a litre and that of Diesel 0.005% Sulphur will also decrease by 56.56 cents.
Illuminating paraffin wholesale will decrease by 58 cents a litre and Illuminating Paraffin (Single Maximum National Retail price) is to decrease by 77 cents a litre. The Maximum Retail Price for LPGAS will decrease by 81 cents per kilogram.
The department said there was a decrease in the price of Brent crude oil, a decrease in the price of international petroleum products and a recovery of the rand – factors that contributed positively towards a decrease in the price of fuel.
“In line with the provisions of the Self-Adjusting Slate Levy Mechanism, a Slate Levy will decrease by 6.56 cents a litre from 21.92 cents a litre to 15.36 cents a litre and will be implemented into the price structures of petrol and diesel with effect from 01 May 2013.” – SAnews.gov.za
