Fuel prices decrease on Wednesday.

According to the Department of Energy, diesel decreases by 25.38 cents/litre and both grades of petrol will decrease by 67 cents/litre.

South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.

The department said the fuel price decreases were mainly due to the drop in the price of crude oil which led to a decrease in the prices of petroleum products in the international markets and the stability of the Rand against the US Dollar when compared to the previous period.

The department has also decreased the slate levy from 4.38 cents/litre to zero, in line with the self-adjusting slate mechanism.

The Minister of Energy, Tina Joemat-Pettersson, has approved a retail margin increase of 4.2 cents per litre with effect from 3 September 2014, in order to accommodate the salary increase of 9.0% for fuel pump attendants and cashiers.

Source – SAnews.gov.za