-
An attendant puts fuel into a car.
The Department of Mineral and Energy Resources has announced decreases in fuel prices, including a cut of as much as 57 cents a litre for diesel.
The department says the petrol price will decline by four cents a litre and illuminating paraffin by 49 cents.
The prices take effect from Wednesday.
The Department of Mineral Resources and Petroleum spokesperson Robert Maake explains: “Diesel will decrease by 56 and 57 cents a litre, both grade of petrol will see a decrease of 4 cents a litre, illuminating paraffin at retail level will decrease by 49 cents a litre and maximum retail price of lp gas will decrease by R1.32 per kilogram nation wide and by R1.51 in the Western Cape. The reasons are as follows: the lower oil prices during the period under review, the Rand appreciated slightly against the dollar over the same period.”
VIDEO | Slightly lower fuel prices in September:
Independent Economist Elize Kruger says the latest fuel price adjustment spells good news for consumers as it will help to keep inflation under control.
“The decline in both petrol and diesel prices is good news for the South African consumer and good news for the inflation rate. While inflation is on an upward trend in the second half of the year, lower fuel prices in September will offset some of the other pricing pressures evident in the basket in September,” explains Kruger.
Additional Reporting Naledi Ngcobo
