Petrol prices will drop on Wednesday but diesel will become more expensive, the department of mineral resources and energy (DMRE) has confirmed.
There will be a 24c/l decrease in the retail price of 93 ULP and a 17c/l drop for 95 ULP, while the price of illuminating paraffin reduces by 4c/l.
The wholesale price of high-sulphur (0.05%) diesel increases 18c/l and low-sulphur diesel (0.005%) by 12c/l.
International fuel prices increased during the period under review, said the DMRE, but the rand appreciated from 18.98 to 18.68 to the dollar, leading to a lower contribution to the basic fuel prices.
“A decrease to the price of petrol is naturally welcome news and will provide some relief to embattled consumers,” said the Automobile Association of South Africa.
“The increase to diesel, though, means input costs in, among other sectors — the agricultural and manufacturing sectors — are also likely to increase, which may result in higher prices for consumers.”
A price hike for diesel on Wednesday, but petrol gets cheaper
Image: Freddy Mavunda
Petrol prices will drop on Wednesday but diesel will become more expensive, the department of mineral resources and energy (DMRE) has confirmed.
There will be a 24c/l decrease in the retail price of 93 ULP and a 17c/l drop for 95 ULP, while the price of illuminating paraffin reduces by 4c/l.
The wholesale price of high-sulphur (0.05%) diesel increases 18c/l and low-sulphur diesel (0.005%) by 12c/l.
International fuel prices increased during the period under review, said the DMRE, but the rand appreciated from 18.98 to 18.68 to the dollar, leading to a lower contribution to the basic fuel prices.
“A decrease to the price of petrol is naturally welcome news and will provide some relief to embattled consumers,” said the Automobile Association of South Africa.
“The increase to diesel, though, means input costs in, among other sectors — the agricultural and manufacturing sectors — are also likely to increase, which may result in higher prices for consumers.”
Petrol price to decrease in July but diesel set to rise, says the AA
In June the retail price of petrol decreased by 71c/l and the wholesale price of diesel dropped by between 80c and 84c.
Fuel prices are adjusted on the first Wednesday of every month.
Here are the fuel prices from Wednesday:
INLAND
COAST
TimesLIVE
Support independent journalism by subscribing to the Sunday Times. Just R20 for the first month.
READ MORE:
Four important things to consider before buying a new car
REVIEW | Why the new Toyota Urban Cruiser is set to be a top seller
What we paid for new cars in 2002 and what we're paying now
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most read
Latest Videos