Petrol price to fall by 89c/l

June 29 2012 at 12:05pm

The price of 93 octane is set to fall by 89 cents a litre next week Wednesday, the department of energy said.

The price of 95 octane petrol is set to fall by 85 cents a litre at the same time.

The price of 0.05% sulphur diesel is set to fall by 62.68 cents a litre and the price of 0.005% sulphur diesel is set to fall by 61.58 cents a litre next week Wednesday, the department of energy added.

The price of illuminating paraffin (wholesale) is set to fall by 58 cents a litre and the price of illuminating paraffin (SMNRP) is set to fall by 77 cents a litre next week Wednesday.

The maximum retail price for LPGAS is set to fall by 113 cents a litre next week Wednesday, the department of energy announced.

The slate levy on petrol and diesel would decrease from 10.96 cents a litre to 4.38 cents a litre.

“During the period under review, the average international product prices of petrol, diesel, and illuminating paraffin decreased. The average rand/US dollar exchange rate weakened when compared to the previous period,” the department added.

As a result of the decreases, from next Wednesday, the price of 95 octane petrol at the coast will cost R10.47 a litre and R10.82 a litre in Gauteng.

The price of 0.05% sulphur diesel will cost R10.11 a litre in Gauteng and 9.86 at the coast.

The slate levy on petrol and diesel would decrease from 10.96 cents a litre to 4.38 cents a litre.

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