Petrol price to drop by 45 cents

2014-10-31 16:29

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

From Wednesday, the wholesale price of diesel of 0.05% sulphur will decrease 61 cents per litre, while diesel 0.005% sulphur would decrease 60 cents per litre, the department said today.

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 September 26 2014 to October 30 2014 was 11.1004 compared to 10.9149 during the previous period,” the department said.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts

Jobs in Cape Town [change area]

Jobs in Western Cape region

CSR Inbound

Cape Town Northern Suburbs
O'Brien Recruitment
R14 000 - R16 000 Per Month

Junior Chef

Century City
Pro Placements Recruitment Agency
R8 000 - R9 000 Per Month

Graphic Designer

Cape Town Northern Suburbs
Creative Sourcing
R7 000 - R9 000 Per Month

Property [change area]

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.