Second record drop in fuel prices
Updated | By Newswatch
The price of all grades of petrol has come down by R1.74 a litre.
Motorists who fill up with diesel are enjoying a price decrease of between R1.56 and R1.61 per litre, depending on the grade.
Illuminating paraffin costs dropped by R2.23 a litre.
Explaining the reasons for the price adjustments, the Department of Mineral Resources and Energy says - during the period under review - the average price of Brent Crude oil decreased from just over $35 to $20 a barrel.
This was due to the COVID-19 crisis and the lockdown imposed by the world's major economies.
The department says the Rand also depreciated, on average, against the US Dollar.
This is second record drop in fuel prices this year. Last month, petrol costs came down by almost R2 a litre.
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