Drop in fuel price to bring relief for motorists
Updated | By JacarandaFM News
The price of fuel is set to drop
significantly on Wednesday.
The decrease will bring some relief to cash-strapped South Africans as the festive season comes to an end.
The Department of Energy has confirmed that the price of petrol will drop by between 29 and 34 cents a litre, while diesel will be between 22 and 26 cents a litre cheaper.
The wholesale price of illuminating paraffin will drop by 29 cents a litre.
The department says the main reasons for the drop in the fuel price is a stronger rand, with the local currency strengthening from R14.10 to R13.27 against the US dollar.
This was slightly offset by the increase in the price of Brent Crude oil.
Show's Stories
-
J Sbu's top holiday activities for families
Who else is ready for a summer of fun with the kids? J Sbu shares his to...
Stacey & J Sbu an hour ago -
Mariah Carey vs Michael Bublé: Who will take the crown?
It’s beginning to look a lot like all we want for Christmas is to give s...
Stacey & J Sbu an hour ago