Petrol and diesel will be cheaper from tomorrow

Petrol & diesel will be cheaper from tomorrow

November 5, 2019

Digital team 1 minute read

The Automobile Association is anticipating fuel price drops in November of between 8c and 18c per litre for petrol. Photo: Moneyweb

From Wednesday this week the petrol price, for both 93 and 95 grades, will be cheaper by 13c a litre. 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 attributed 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.

The average rand/dollar exchange rate for the period 27 September to 31 October was 14.9293 compared to 14.8432 during the previous period, the Central Energy Fund said in a statement.

From Wednesday, 95 unleaded petrol will sell for R16.08 a litre in Gauteng, and R15.44 in coastal areas. Petrol 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.

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November 5, 2019

Digital team 1 minute read

Liezl Scheepers

Liezl Scheepers is editor of the Parys Gazette, a local community newspaper distributed in the towns of Parys, Vredefort and Viljoenskroon. As an experienced community journalist in all fields for the past 30 years, she has a passion for her community, and has been actively involved in several community outreach projects as part of Parys Gazette's team.