The price of petrol goes down by 71c a litre

PHUTI MOSOMANE

Motorists will pay 70c less on fuel from Tuesday, Minister of Mineral Resources and Energy Gwede Mantashe, announced.

Both 93 and 95 ULP & LRP will drop by 71c a litre. The price of diesel (0.05% sulphur) will drop by 88c a litre, and illuminating Paraffin (wholesale) will drop by 43c a litre (43.00 c/l).

However, the maximum LPGas retail price will increase by 75c a kilo. This LPG price increase is due to the increase in the prices of Butane.

South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.

International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including importation costs, e.g. shipping costs.

Mantashe said the main reasons for the fuel price adjustments are due to the average Brent Crude oil price decreasing from $82.20