Petrol price to drop by 99 cents a litre

File picture : Neil Baynes, Independent Media

File picture : Neil Baynes, Independent Media

Published Jul 29, 2016

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– The fuel price will go down by 99 cents a litre for petrol and by 74 cents a litre on diesel next Wednesday, the Central Energy Fund said on Friday.

The fund said the price decrease was due to a drop in the international product prices of petrol, diesel and illuminating paraffin, as well as the strengthening of the rand against the US dollar.

The wholesale price of lamp paraffin will go down by 88 cents a litre.

However, the price drop comes in the midst of a strike in the petroleum industry that has raised fears of pumps running dry.

Workers affiliated to the Chemical, Energy, Paper, Printing, Wood and Allied Workers Union (Ceppwawu) downed tools on Thursday after wage talks deadlocked following an offer of an increase of seven percent from the sector.

The strike affects fuel depots and refineries but not filling stations.

African News Agency

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