The good news for some motorists is that the price of petrol is set to go down from tomorrow (2 March).
The good news for some motorists is that the price of petrol is set to go down from tomorrow (2 March).
However, the cost of diesel and paraffin will increase.
The pump price of petrol 95 Octane and 93 Octane will decrease by 69.00c/l. The maximum retail price of liquid petroleum gas (LPGas) will also decrease by 120.00c/kg.
The wholesale price of diesel, 0.05% sulphur and 0.005% sulphur, will increase by 15.00c/l and 14.00c/l respectively and the wholesale price of illuminating paraffin will increase by 17.00c/l and the single maximum national retail price (SMNRP) will increase by 23.00c/l.
The decrease is due to the fact that the average international product prices of petrol decreased whilst the cost of diesel and Illuminating paraffin increased during the period under review.
The crude oil price increased on average compared to the previous pricing period mainly due to rumours that OPEC might cut production.
In addition, the Rand strengthened against the US Dollar, on average, when compared to the previous period.
