Relief as fuel price drops
THE price of both grades of petrol will drop 25 cents a litre with effect from midnight tomorrow, the Energy Department said.
The wholesale price of both grades of diesel would drop 23c/l, the department said.
The wholesale price of illuminating paraffin would drop 22c/l and the single maximum national retail price by 30c/l.
The maximum retail price of liquefied petroleum gas would drop by 77c/kg. The decrease in fuel prices was due to the average international product prices of petrol, diesel and illuminating paraffin dropping during the period under review – April 26 to June 1.
The rand had also appreciated against the US dollar on average during this period, when compared to the previous period, the department said.