Petrol price down, diesel up

Weekend Argus (Saturday Edition) - - FRONT PAGE - JU­NIOR BESTER and SAPA

THERE’S some good news ahead for South African mo­torists who, from Wed­nes­day, will pay 11c per litre less for petrol.

The re­tail price of diesel will, how­ever, in­crease be­tween 44c and 47c per litre.

The new prices were ap­proved by En­ergy Min­is­ter Dipuo Peters, and form part of the op­er­at­ing costs re­cov­er­ies and in­vestor mar­gins of the price struc­tures of petrol, diesel and il­lu­mi­nat­ing paraf­fin.

Although the de­crease in the petrol price will be wel­come, the joy may be short-lived warn an­a­lysts, who say the an­nounce­ment is not good news for the coun­try.

The in­crease in diesel prices will mean ma­jor changes for con­sumers.

Gary Ron­ald, the pub­lic af­fairs man­ager at Au­to­mo­bile As­so­ci­a­tion (AA) South Africa, said the de­crease would not bring sav­ings gen­er­ally, since most price fac­tors were as­so­ci­ated with the price of diesel.

“Such a huge in­crease in the price of diesel will mean big changes to the prices of items on the shelves of shops across the coun­try,” he warned, adding that the tim­ing was bad with the ap­proach­ing fes­tive sea­son.

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