South African motorists can look forward to a decrease in the prices of petrol and diesel next Wednesday, 7 October.
The Department of Energy on Sunday announced the following changes:
Both grades of 93 decrease by 23c
Both grades of 95 decrease by 32
Diesel 0.05% decreases by 90c
Diesel 0.005% decreases by 93
Illuminating Paraffin decreases by R1.01.
In September, the average price of petrol was R14.89
The department said the adjustment of fuel prices is based on current local and international factors and that the country’s fuel prices are adjusted on a monthly basis, informed by international and local factors.
International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including importation costs, e.g. shipping costs.