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Petrol price to drop by 89c in July

June 29 2012 at 01:01pm

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Picture: Ian landsberg.

There is some much-needed fuel price relief in store for motorists next week. The price of 93 octane petrol is set to decrease by 89 cents a litre, while 95 octane will cost 85 cents less, from Wednesday 4 July.

According to the energy department, motorists in Gauteng will be paying 10.10 for 93 petrol and R10.82 for 95, while those at the coast will fork out R10.47 for 95 unleaded.

The price of dirty diesel with a 0.05 sulphur content is set to drop by 62.58 cents a litre, while diesel with a 0.005 percent sulphur content would go down by 61.58 cents a litre.

The price adjustments are partly due to the slate levy on petrol and diesel decreasing from R10.96 cents a litre to 4.38 cents a litre, but the big driving force behind the decrease is this month's international oil prices.

Between June 1 and June 28, the average international crude oil prices decreased substantially enough to offset a weakening of the rand/dollar exchange rate - R8.4189 versus the previous period's R8. 10. -IOL & Sapa


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