Latest
 
  • All Share : 51773.5
    UP 1.72%
    Top40 - (Tradeable) : 45234.26
    UP 1.89%
    Financial 15 : 14732.06
    UP 1.40%
    Industrial 25 : 68709.64
    UP 2.08%
    Resource 10 : 31269.32
    UP 1.64%

  • ZAR/USD : 13.6292
    UP 1.29%
    ZAR/GBP : 17.7096
    UP 1.28%
    ZAR/EUR : 15.2867
    UP 1.30%
    ZAR/JPY : 0.1349
    UP 1.05%
    ZAR/AUD : 10.4822
    UP 1.68%

  • Gold US$/oz : 1323.1
    DOWN -0.29%
    Platinum US$/oz : 1026
    UP 0.20%
    Silver US$/oz : 19.17
    UP 0.26%
    Palladium US$/oz : 713
    UP 2.15%
    Brent Crude : 48.31
    UP 4.48%

  • All data is delayed by 15 min. Data supplied by Profile Data
    Hover cursor over this ticker to pause.

Wed Sep 28 22:29:51 CAT 2016

Tiny drop in 95 petrol price, diesel price falls substantially

Agency staff | 31 December, 2015 13:49

Image by: Gallo Images/iStock

On the eve of the New Year, the Department of Energy had some good news for consumers, announcing that there will be no change in the retail price of 93 (ULP and LRP) petrol in January and that the retail price of 95 (ULP and LRP) petrol will be going down by 3 cents per litre on January 6 2016.

The wholesale price of diesel 0.05% sulphur will go down by 76c per litre and that of diesel 0.005% sulphur by 78c per litre.

The wholesale price of illuminating paraffin will go down by 63c per litre.

The minister of Energy approved the adjustments to some of the pricing elements of the maximum retail price structure of liquefied petroleum gas (LPGAS) with an adjustment of 50.0c/l with effect from January 6 2016.

According to the department the economic factors affecting the price determination for January included the average international product prices of petrol, diesel and illuminating paraffing that decreased during the period under review.

The Automobile Association (AA) warned on Wednesday that instability in institutions such as the National Treasury has negative implications on the economy which could lead to petrol price hikes.

"By now the government cannot be unaware of the economic implications of removing stability from institutions such as the Treasury," the AA said in a statement.

Source: Fin24

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.