Fuel prices to drop

By Drum Digital
31 October 2014

The price of petrol will drop by 45 cents a litre next week, says the energy department.

The price of petrol will drop by 45 cents a litre next week, the energy department said on Friday. From Wednesday, the wholesale price of diesel of 0.05 percent sulphur will decrease 61 cents per litre, while diesel 0.005 percent sulphur would decrease 60 cents per litre, the department said in a statement.

The retail price of 95 and 93 petrol would decrease by 45 cents per litre.

A major factor influencing the fuel prices was the that the average rand/US dollar exchange rate weakened relative to the previous month.

"The average rand/US dollar exchange rate for the period 26 September 2014 to 30 October 2014 was 11.1004 compared to 10.9149 during the previous period," the department said.

-SAPA

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