Vehicle owners will be delighted to know that the price of fuel will decrease as of midnight on Tuesday, the Department of Energy said in a statement on Saturday.
The department noted that the price of both grades of petrol will drop by 25c/l, while the wholesale price of both grades of diesel will drop by 23c/l. The department says the rand’s performance against the dollar has led to a higher contribution to the fuel price.“The strengthening of rand against the US dollar and lower crude oil prices are behind the drop in fuel prices – which is hoped to decrease transport cost and food prices,” said Robert Maake, director for fuel pricing, Department of Energy.
Paraffin will drop by 30 cents a litre and LP gas will drop by 77 cents per kilogram,” Maake concluded.