Petrol price drops

2013-04-26 13:52

The price for a litre of petrol will go down by 73c a litre and diesel by 55c a litre next Wednesday, the department of energy announced.

This is more than what economists expected and is mainly due to a drop in world oil prices and a strengthening in the rand-dollar exchange rate.

It is the first petrol-price drop after three consecutive increases totalling R1.34 for a litre of 95 unleaded in Gauteng.

In January this year, the price decreased by 15c a litre to R11.86, but has since risen to R13.20.

Motorists in Gauteng will now pay R12.47, while those at the coast will fork out R12.24 for a litre of petrol.

A litre of diesel will now cost R11.41.

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