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Petrol price to drop

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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

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Alan Straton

Chief Cook, Bottle Washer and Broom Mechanic at MyPE
Passionate about Port Elizabeth and definitely NOT packing for Perth. Alan's ethos is epitomised in the words of Nelson Mandela; "I have fought against white domination and I have fought against black domination. I have cherished the idea of a democratic and free society. If need be, it is an ideal for which I am prepared to die." See more articles by Alan.