South Africa has announced a reduction in petrol and diesel prices for April, bringing relief to motorists.
The price drop is driven by lower global oil prices and a stronger rand.
A statement issued by the Department of Mineral and Petroleum Resources confirmed 53 cents and 72 cents reduction for 93 and 95 octane petrol respectively.
Diesel price has also seen a decrease of 83 and 85 cents per litre, depending on the grade. Paraffin at the retail level has decreased by R1.14 per litre.
Fuel Pricing Manager at the Department of Mineral and Petroleum Resources Robert Maake says, “The reason for these decreases is the lower oil prices and stronger rand against the dollar during the period under review.
The minister has approved the annual adjustment to the transport tariffs and will range from zero cents per litre in zone 1a to 7.5 cents a litre in zone 14c, which is in Mokopane and Limpopo.
This means that the fuel price changes will be different in the 54 magisterial district zones.”
Source:https://energynewsafrica.com
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