Petrol price drops
Petrol price drops by 13c/litre this Wednesday
Mineral Resources Minister Gwede Mantashe announced on Monday that motorists would pay 13 cents per litre less for petrol and 5 cents per litre less for diesel...
After several increases this year the Energy Department announced that the petrol price is going down R1.84 cents this week.
Petrol will drop by 69 cents, diesel by 60 cents and illuminating paraffin will go down by 76 cents a litre.
The petrol price will drop by 69 cents a litre for 93 octane and 68 cents a litre for 95 octane on Wednesday.
Economist Azar Jammine says a 2% drop in the price would have little effect given that petrol makes up around 3% of consumer expenses.
Economist Dr Azar Jammine says as much as he welcomes-the news of the 25 cents per litre drop in the petrol price, one has to consider all consumer expenses.
The price of diesel will also decrease by 23 cents per litre, while illuminating paraffin will go down by 22 cents per litre.
The department says the rand’s performance against the dollar has led to a higher contribution to the fuel price.
The Energy Department has announced that from 5 April, the price of 95 octane will decrease by 24 cents a litre while diesel is going down 10 cents a litre.
The energy department adds that the price of diesel will decrease by two cents a litre on Wednesday.
Motorists can breathe a sigh of relief as the price of petrol is expected to go down by 20 cents a litre at midnight.
The price of 93 octane petrol will fall by 20 cents to R12.59 per litre, with the 95 octane also dropping by 20 cents.
The price of 93 octane petrol will fall by 20 cents to R12.59 per litre, with the 95 octane also dropping by 20 cents.
The Agricultural Business Chamber has announced it anticipates a drop in the petrol price of around 45c/l.
Economist Mike Schussler says the decrease could have been more substantial.
Petrol will decrease by 18 cents a litre, diesel by up to 49 cents and paraffin by up to 63 cents.
Petrol is expected to go down by as much as 83 cents a litre, while diesel could drop by 45 cents a litre.
South Africans have seen petrol price hikes every month since April, due to the weakening rand.
While the price has dropped significantly, it will most likely be the last drop over the next few months.