Fuel prices down after World Cup

2010-06-29 00:00

WHILE it is likely that fuel prices will soon be lowered as a result of an over-recovery on petrol and diesel, motorists will have to wait an extra week to experience the benefits at filling stations.

The petrol price is expected to decrease by about 18 cents a litre while the wholesale price of diesel could decline by about 14 cents a litre in July.

A spokesperson for the Minerals and Energy Department, Bheki Khumalo, told The Witness yesterday that the implementation of the fuel price changes will take place on Wednesday, July 14, instead of a week earlir because of the Fifa World Cup.

Fuel price changes usually come into effect on the first Wednesday of each month.

An over-recovery on a fuel product essentially means that fuel consumers are paying too much for petrol or diesel on that day.

Khumalo said the minister recently gave permission for fuel prices to remain unchanged until July 14 in order to provide price stability for foreign tourists visiting the country during the football tournament.

The decision will not prejudice motorists as the extra week will be allowed for during the July accounting period.

Join the conversation!

24.com 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.

24.com 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
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 24.com 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.