Cape Town – The Department of Mineral Resources and Energy has announced a decrease in fuel prices, bringing relief to some motorists.
This marks the second consecutive drop in fuel prices.
Starting from Wednesday, petrol prices will be reduced by 17 to 24 cents per litre.
Fuel Price Adjustment (July 2023): New prices apply from Wednesday 5th July pic.twitter.com/3hLxUJShsG
— TrafficSA (@TrafficSA) July 3, 2023
Petrol 93 octane will decrease by 24c; 95 octane will decrease by 17c; diesel will increase by 12c and 18c per litre; paraffin will decrease by 4c and 5c a litre; LP gas will decrease by R2.96c per/kg, the department said.
The appreciation of the rand against the US dollar, along with slight decreases in oil prices and prices of propane and butane, led to lower prices of LP gas as well, said the department.
“This is what happened during the period under review. The rand appreciated against the US dollar, oil prices decreased slightly, prices of propane and butane decreased, which led to lower prices of LP gas,” EWN quoted department spokesperson, Robert Maake, as saying.
However, diesel users are expected to experience an increase in prices.
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Compiled by Betha Madhomu
