Consumers will breathe a sigh of relief at the pumps as the price of petrol is set to decrease by between 23 and 32 cents a litre.<\/p>\n
The Department of Mineral Resources and Energy (DMRE) said the price of a litre of 93 (ULP and LRP) will come down by 23 cents while a litre of 95 (ULP and LRP) will cost 32 cents less in Gauteng.<\/p>\n
From Wednesday onwards, a litre of 95 ULP in Gauteng, which currently costs R15.18 a litre will now cost R14.86 a litre.<\/p>\n
In September, the price of petrol increased by 1 cent.<\/p>\n
Meanwhile, both grades of diesel (0.05% Sulphur and 0.005% Sulphur) will decrease by 90 and 93 cents a litre, respectively.<\/p>\n
The price of illuminating paraffin (wholesale) will decrease by 76 cents.<\/p>\n
The price of illuminating paraffin (SMNRP) will decrease by 101 cents, while the Maximum Retail Price for LPGAS will increase by 20 cents per kilogram.<\/p>\n
The DMRE said the average international product prices for petrol, diesel and illuminating paraffin decreased during the period under review.<\/p>\n
In a statement last week, the Automobile Association (AA) predicted that the price of fuel would come down by between 24 and 33 cents.<\/p>\n
“The Rand’s daily average dipped as low as R16.10 to the US dollar on September 18, following a long downward trend which began in the first week of August. However, a steep jump to around R16.90 followed by a brief plateau and a further spike to nearly R17.20 caught watchers unawares, and there is rightly some concern about the Rand’s short- to medium-term trajectory,” said the AA on Tuesday.<\/p>\n
The AA noted that the Rand’s weakening profile was mirrored in strengthening international petroleum product prices.<\/p>\n
“Almost in lockstep with the Rand, diesel and petrol prices spiked, and then pulled back before starting a further climb. If this trend of a weakening Rand and rising international fuel prices continues, it could be extremely negative for South African fuel users, and we will watch further changes with interest.\u201d<\/p>\n
It noted that the trends since early August have been stronger for the Rand and cheaper for oil.<\/p>\n
“It is too early to tell whether the spikes in both were a blip or the start of a more sustained reversal, but motorists should continue to be wary given the ongoing instability in both local and global economies,\u201d said the AA. – SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Consumers will breathe a sigh of relief at the pumps as the price of petrol is set to decrease by between 23 and 32 cents a litre. The Department of Mineral Resources and Energy (DMRE) said the price of a litre of 93 (ULP and LRP) will come down by 23 cents while a litre of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-167653","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-sanews","8":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/167653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=167653"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/167653\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=167653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=167653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=167653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}