The Central Energy Fund yesterday announced that the retail price of petrol (93) will decrease by 71 cents a litre, while 95 will decrease by 68 cents.
The wholesale price of diesel will be lowered by 67.8 cents a litre
While the price of illuminating paraffin will decrease by 71 cents a litre.
The rand has regained some of its strength, improving the price of petrol back below R20 a litre.
“The rand depreciated, on average, against the US Dollar (from 15.40 to 15.92 rand per USD) during the period under review when compared to the previous one. This led to higher contributions to the Basic Fuel Prices of petrol, diesel and illuminating paraffin by about 29.00 cents per litre,” the Department of Mineral Resources and Energy said in a statement.”
Mzukona Mantshontsho is the founder of Nyakaza Media Solutions. Nyakaza Media Solutions is an organisation that was established to help community organisations, business entities, and schools to research, write, document, report, analyse, edit, publish newsletters or bulletins in hard-copy, on-line and maintain websites with the relevant content as per the editorial policy of that organisation, school or entity.
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