By John Ikani
South Africans will be treated to a substantial reduction in petrol and diesel prices from today.
Petrol prices will decrease by R2.06 per litre, while diesel will drop between R2.81 and R2.69 per litre from 50ppm and 500ppm, respectively.
A litre of 95 unleaded petrol will cost R20.75 on the coast and R21.40 inland.
Department of Mineral Resources and Energy (DMRE) says that the main reason for the drop in fuel prices is the declining cost of Brent Crude Oil.
With fears of global recession, the oil price will continue to drop.
“These decreases will not take fuel prices to levels seen in January, 2022 but will go a long way to alleviating the fuel price burden – and its associated impact on other prices – felt by millions of South Africans,” said the Automobile Association (AA).
“For many currently on vacation this is also good news as it will undoubtedly reduce expenses on the return leg of their journeys,” the AA said.
