Petrol: Wait until tomorrow for prices to drop

2012-07-03 00:00

IF you can, wait until tomorrow before filling up your tank.

From tomorrow, motorists can expect a further reduction in their fuel costs.

The Department of Energy announced on Friday that the price of petrol would decrease by between 85 cents (95 ULP and LRP) and 89 cents a litre (93 ULP and LRP). The wholesale price of diesel will fall by between 61,58 and 62,58 cents a litre.

The changes come into effect as a result of an over-recovery on the petrol price (which means consumers are paying too much for a fuel product on that day).

The price of petrol was cut by 55 cents a litre on June 6 following hikes of 34 cents a litre in February, 28 cents a litre in March, 66 cents a litre in April and 28 cents a litre in May.

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