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Record 127c drop in petrol price

Jan 02 2015 15:33
Cape Town – Consumers have been given a belated Christmas present with a historic drop in the petrol price.

The 95 petrol price will drop by R1.23 a litre and the 93 petrol price will drop by R1.27 a litre on Wednesday, the Central Energy Fund announced on Friday.

This means that Coastal petrol users will pay R10.78 per litre for 93 petrol and R10.83 per litre for 95 petrol, while Reef users will pay R11.02 per litre for 93 petrol and R11.24 per litre for 95 petrol.

The price of diesel would decrease by between R1.04 and R1.05 per litre.

The price of illuminating paraffin would decrease by R1.44 per litre.

Liquefied petroleum gas would decrease by R2.10/kg.

Last month, the Automobile Association predicted the petrol price would drop by between R1.05 to R1.07 cents per litre, and the price of diesel by around R0.85.

The weakening of the rand/dollar exchange rate contributed to an increase in the fuel price. This was however offset by the drop in international oil prices.

- Fin24 and Sapa.

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petrol price  |  petrol  |  economy


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