Motorists will breathe a huge sigh of relief at the pumps after news that the price of petrol will go down come midnight on Tuesday.
The price of unleaded petrol (95) will be slashed by 17c a litre while the unleaded petrol 93 will be lowered by 24c a litre. However, the price of diesel will rise by between 12c and 18c a litre depending on the sulphur content.
The Department of Mineral Resources and Energy announced that illuminating paraffin will drop by between 4c and 5c.
Robert Maake, spokesperson for the department, said while petrol is expected to be cheaper from Wednesday, diesel users will feel the pinch.
“Petrol 93 octane will decrease by 24c; 95 octane will decrease by 17c; diesel will increase by 12c and 18c per litre; paraffin will decrease by 4c and 5c a litre; LP gas will decrease by R2.96c per kilogram,” Maake said.
He added that a drop in oil prices and a stronger rand contributed to the changes.
“This is what happened during the period under review. The rand appreciated against the US dollar, oil prices decreased slightly, and prices of propane and butane decreased, which led to lower prices of LP gas.”
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