Riyaz Patel
The price for both 93 and 95 grades of petrol will be cheaper by 13c a litre from Wednesday this week.
Diesel prices will be cut by 16c (0.05% sulphur) and 14c (0.005% sulphur) respectively.
Illuminating paraffin prices will be 23c a litre lower.
The cuts, announced by Minister of Mineral Resources and Energy Gwede Mantashe, are largely due to a stronger rand during the past month.
South Africa imports more than 60% of its oil, which is priced in dollar. A stronger rand means the imported prices in dollar gets cheaper.
On Tuesday morning, the rand was trading at R14.73/$.
From Wednesday, 95 unleaded petrol will sell for R16.08 a litre in Gauteng, and R15.44 in coastal areas.
Fuel prices have risen by more than R2 a litre since the start of the year.
Diesel will sell for R14.68 in Gauteng and R14.14 on the coast from Wednesday.
