Good News: Fuel price drops
For those who missed the news, the pump price of all grades of petrol, the whole sale price of both grades of diesel, the maximum retail price of liquefied petroleum gas (LPG) and the prices of illuminating paraffin will decrease with effect from Wednesday, November 4.
South Africa’s fuel prices are adjusted on a monthly basis, as determined by various international and local factors.
According to the The Department of Energy announced, the main reasons for the fuel price decreases in November are the strengthening of the rand against the dollar and the drop in the prices of all petroleum products during the period under review.
Based on current local and international factors, the fuel prices for November are:
– Petrol (93 Octane) will decrease by 22 cents/litre;
– Petrol (95 Octane) will decrease by 22 cents/litre;
– Diesel (0.05% Sulphur) will decrease by nine cents/ litre;
– Diesel (0.005% Sulphur) will decrease by 10 cents/ litre;
– Illuminating paraffin (SMNRP) will decrease by three cents/litre;
– Illuminating paraffin (wholesale) will decrease by two cents/litre;
– Liquefied Petroleum Gas (LPG) will decrease by 47 cents/kilogram.
The Department of Energy, however, still urges motorists and all the households that use paraffin and LPGas to continue to use energy sparingly “during these difficult economic conditions”.
