Fuel prices drop this week
TMG Digital | 2017-06-05 09:46:11.0
The Department of Energy’s central energy fund attributed the fall in fuel prices to both a stronger rand and weaker international oil prices. File photo
Image by: ERIC GAILLARD/REUTERS
South Africa can expect a relatively small drop in fuel prices on Tuesday at midnight with the biggest fall coming in liquefied petroleum gas (LPG)‚ down 77c a litre.
Petrol will drop by 25c a litre for both 95 and 93 octane while both grades of diesel will come down by 23c.
A reduction of 22c a litre will be seen in the wholesale price of illuminating paraffin.
The Department of Energy’s central energy fund attributed the fall in fuel prices to both a stronger rand and weaker international oil prices.
The fund sends out data on a daily basis indicating and over- or under-recovery in current prices. These numbers determine the adjustments for the following month. If an under-recovery was recorded prices increase while an over-recovery results in a decrease.