Fuel price set to decrease

SABC News Fuel Drop SABC - Fuel price set to decrease

The price of 93 octane petrol will go down by 23-cents per litre, while 95 octane petrol will decrease by 32-cents per litre from Tuesday midnight. Diesel will decrease by between 90 and 93-cents per litre.

Illuminating paraffin will decrease by over R1 per litre at a R1.01 decrease. The decreases are attributed to amongst others the Rand’s appreciation against the US Dollar along with decreases in international oil prices.

In September, the price of petrol increased marginally by 1 cent a litre. However, the price of diesel and illuminating paraffin decreased by 21-cents a litre, and 26-cents a litre respectively.

The marginal increase in the petrol price results from an increase in the price of Brent crude oil sparked by fears of closures of production facilities due to hurricanes in parts of the United States.

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