Significant petrol, diesel price drop from Wednesday
The price of petrol will fall by 99 cents, while diesel will go down by 74 cents per litre.
JOHANNESBURG - The price of petrol will fall by 99 cents, while diesel will go down by 74 cents per litre, the department said in a statement.
The Energy Department's Robert Maake says, "Paraffin, at retail price, will drop by 88 cent per litre and LP gas will drop by R1.60 per kilogram."
He says the strengthening rand has also helped.
"The reason for the decrease is the strengthening of the rand against the dollar during the period under review, which contributed about 24 to 26 cents to this price."
Shortly after those increases, the AA said it didn't expect this trend to end, even if the price of oil stabilised
PETROL GIANTS CONFIDENT PUMPS WON'T RUN DRY DURING STRIKE
Meanwhile, at least four of the country's major petroleum companies say the strike at refineries will not affect their fuel supplies and there are contingency plans in place should the industrial action continue indefinitely.
Thousands of workers affiliated to trade union, the Chemical Energy Paper Printing Wood and Allied Workers Union (Ceppwawu), have downed tools - demanding a 9 percent salary increase, while the National Petrol Employers Association is offering 6.5 percent.
There were concerns that filling stations would run dry, with motorists urged to fill up their tanks but BP, Shell, Total and Sasol all say, for now, that's not the case.
Total's Qetella Zeka says their employees are not affiliated to Ceppwawu.
"We do acknowledge that due to picketing, or high demand, there could be a delay in being able to supply."
While Sasol's Alex Anderson says, "We have Supply Chain channels in place to ensure that our sites remain kept."
The National Petrol Employers Association has declined to comment on the matter.
Motorists have still been urged to fill up their tanks amid the strike.
(Additional reporting by Ziyanda Ngcobo)