Petrol price relief due to stronger rand, lower oil prices

By Thebe Mabanga 

Consumers are likely to breathe a sigh of relief this week, with petrol prices expected to drop sharply on the back of a stronger rand, driving an over-recovery in December and softer global oil prices.

“The price of all grades of petrol is set to come down by between 62 and 66 cents this week,” government said in a statement on Monday. 

On Wednesday, a litre of 95 Petrol 95 will decrease by 66 cents a litre to cost R20,75 cents in Gauteng and R19,92 at the coast. A litre of 93 petrol will fall by 62 cents. 

Government further announced that the price of Diesel (0.05% sulphur) is set to decrease by R1.37 cents a litre, while the price of Diesel (0.005 % sulphur) will come down by R1.50 cents a litre.

The price of Illuminating Paraffin (wholesale) is set to come down by R1.10 cents