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Petrol price to drop

by South African Government News Agency
on 30 Nov 2012
South African Government News Agency
South African Government News Agency

The retail price of all grades of petrol will drop by nine cents a litre from next Wednesday, the Department of Energy announced on Friday.

Diesel with 0.05% sulphur will decrease by 5 c/l, while diesel with 0.005% sulphur will drop by 6 c/l.

The wholesale price of illuminating paraffin will see a decrease of 4 c/l, and the Single Maximum National Retail Price (SMNRP) for illuminating paraffin will go down 5 c/l.

The Maximum Retail Price for LPGas will decrease by 35 c/kg.

The department said the decreases mainly emanated from a decrease in the price differentials between crude oil and refined petroleum products, lower international product prices and a weaker rand/dollar exchange rate.

During the current fuel price review period, the international product prices of petrol, diesel and illuminating paraffin, on average, decreased by 38.6 c/l, 37.2 c/l and 29.0 c/l respectively.

This is also due to the average Rand/ dollar exchange rate which deteriorated by almost 14.0 South African cents during the current fuel price review. - SAnews.gov.za


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