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Fuel price drop a relief

Johannesburg - A fuel price decrease will lighten the burden for heavily-indebted South Africans, a debt management firm said on Monday.

“South Africa is a deeply indebted country with the total consumer debt totalling R1.47 trillion,” Debt Rescue chief executive Neil Roets said in a statement.

File photo. Credit: INDEPENDENT MEDIA

The decrease, announced by the energy department on Friday, would however have little impact on the more than 25 percent of South Africans who were unemployed.

“With more than a quarter of the country's workforce unemployed, it is going to take much more than a drop of 22 cents to bring meaningful relief to consumers who are falling into debt.”

The price of all grades of petrol would drop by 22 cents a litre on Wednesday.

The price of diesel with 0.05 percent sulphur would decrease by 23.58 cents a litre, and that of diesel with 0.005 percent sulphur by 25.58 cents a litre.

The wholesale illuminating paraffin price would drop by 10 cents a litre, and that of illuminating paraffin by 13 cents a litre.

The maximum retail price for LP Gas would fall by 27 cents a litre. - Sapa

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