Fuel prices to drop for fifth consecutive month

Fuel prices to drop for fifth consecutive month

Fuel prices are continuing their downward trend, with a fifth consecutive drop in October. 

Petrol pump and car
Petrol pump and car/ canva

The price of 95 unleaded petrol will be cut by R1.14 a litre, while 93 petrol will be R1.06 cheaper. 


The wholesale price of diesel will fall by between R1.12 and R1.14. 


Illuminating paraffin will drop by R1.48 cents a litre. 


READ: Disaster teams ready amid weather warnings, says Duma

 

Robert Maake from the Department of Mineral Resources and Energy says there are a few factors behind the decrease.

 

"The lower oil prices and stronger rand against the US dollar during the period under review and that fact that the slate levy remained unchanged at zero cents per litre in the price structures in both petrol and diesel."


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