SOUTH African motorists can welcome the New Year with good news as the department of mineral resources & energy has confirmed big petrol and diesel price cuts will come into effect at midnight on Tuesday evening.
The retail price of 93 unleaded petrol will decrease 62c/l while 95 unleaded drops 76c/l. Wholesale diesel prices see even bigger price drops of R1.26/l for 0.005 percent sulphur and R1.18/l for 0.05 percent sulphur. Illuminating paraffin sees a reduction of R1.24/l.
These are better than the decreases predicted by the AA last week, and were attributed to a drop in the oil price during the period under review, despite the rand depreciating against the dollar.
From January 3 fuel prices will be: Gauteng 93 unleaded: R22.17 95 unleaded: R22.49 0.05 percent diesel: R20.63 0.005% diesel: R20.73 Coast 95 unleaded: R21.77 0.05 percent diesel: R19.91 0.005 percent diesel: R20.02 — BusinessLIVE.