Prices of both petrol grades to drop 25c/l

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 (SMNRP) 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 during this period, on average, when compared to the previous period, the department said. – ANA