Motorists in South Africa will witness a drop in fuel prices by next Wednesday, according to a report by Sabcnews.com, citing data from the Central Energy Fund.
The data points to a price reduction of between nine and thirteen cents per litre, depending on the grade of fuel.
The price of a litre of diesel is expected to drop by between 14 and 26 cents, also depending on the grade.
The price of a litre of paraffin is expected to decrease by around 20 cents.
The Central Energy Fund’s anticipated decrease in fuel prices follows a stronger rand dollar exchange rate over the period under review.
A reduction in the price of Brent crude oil in July also contributed to the expected upcoming fuel price reduction.
The Department of Mineral Resources and Energy is expected to announce fuel price adjustments.
Source: https://energynewsafrica.com