The Department of Energy says the price of 93 grade petrol will fall by 13 cents a litre, and that of 95 grade petrol by 15 cents a litre. (SABC)
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The retail price of petrol will decrease by between 13 and 15 cents per litre next Wednesday.
The Department of Energy says the price of 93 grade petrol will fall by 13 cents a litre, and that of 95 grade petrol by 15 cents a litre. The price of diesel will cost 27 cents a litre less.
The department says the average rand/dollar exchange rate strengthened when compared to the previous month, decreasing the contribution to the basic fuels price.
Petrol 95 ULP octane in Gauteng will now cost R11,86 a litre, while at the coast it will cost R11,51 per litre. The retail price for illuminating paraffin will decrease by 23 cents a litre.
Last week Friday the price of brent crude oil fell from its highest level in two weeks amid speculation that US negotiations over the country's budget deficit have made little progress.
Economists said if the rand-dollar exchange rate remains stable, it could translate into another petrol price breather on January 2.
Figures from the department of energy show an average over-recovery of nearly ten cents per litre for petrol and 19 cents a litre for diesel since November 30.
