The retail price of all grades of petrol will drop by nine cents a litre from next Wednesday, the Department of Energy announced on Friday.
Diesel with 0.05% sulphur will decrease by 5 c/l, while diesel with 0.005% sulphur will drop by 6 c/l.
The wholesale price of illuminating paraffin will see a decrease of 4 c/l, and the Single Maximum National Retail Price (SMNRP) for illuminating paraffin will go down 5 c/l.
The Maximum Retail Price for LPGas will decrease by 35 c/kg.
The department said the decreases mainly emanated from a decrease in the price differentials between crude oil and refined petroleum products, lower international product prices and a weaker rand/dollar exchange rate.
During the current fuel price review period, the international product prices of petrol, diesel and illuminating paraffin, on average, decreased by 38.6 c/l, 37.2 c/l and 29.0 c/l respectively.
This is also due to the average Rand/ dollar exchange rate which deteriorated by almost 14.0 South African cents during the current fuel price review. – SAnews.gov.za
