Petrol price relief for motorists

2014-05-02 14:18
Post a comment 98
Cape Town - Motorists will get some relief at the pumps with the retail price of petrol and diesel dropping, the energy department announced on Friday.

Petrol will decrease by 15.0 cents a litre (c/l), while diesel will drop by 29.78 c/l in Gauteng.

Illuminating paraffin will decrease by 25.0 c/l and liquefied petroleum gas (LPG) by 4.0 cents/kilogram.

The strengthened rand against the greenback and the reduction of the state levy by 8.78 c/l contributed to the price decreases.

It is the first time that the price of petrol had come down since the beginning of the year.

The price decreases would take effect on Wednesday May 7, on the day that South Africans head to the polls to vote in the country's fifth democratic elections.

"The decrease in the prices of all the petroleum products is due to changes in international factors, namely, crude oil prices, the rand/dollar exchange rate and the prices of finished products," the department said.

Minister of Energy Dikobe Ben Martins said the decrease in the paraffin and LPG prices will be beneficial as winter looms.

“The decrease in the price of illuminating paraffin and LPG will benefit households that use these products, as winter approaches.”

- Fin24

Help us help you by taking our second annual
Debt survey and you could win R3 000, or add your voice by  sharing your debt  experiences, debt-busting tips and insights.

Have a question? Ask our experts.

Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.