Cape Town – Fuel prices are still on track for a cut next week, with substantial savings at the pumps expected, particularly for those driving petrol vehicles, reports say.
According to the latest data, the price of 95 Unleaded petrol is likely to come down by around R2.27 per litre, while the cheaper 93 Unleaded is looking set for a decrease of around R2.11. This would bring the price of 95 ULP down to R22.50 at the coast and R23.15 inland, where 93 ULP would theoretically retail at R22.88
The fuel prices are usually adjusted on the first Wednesday of a month, and determined by the price of oil and the rand-dollar exchange rate.
The Automobile Association of South Africa (AA) said recently that the main drivers behind the decreases are a strengthening Rand and lower international oil prices
The reductions will be significant as they would not be offset by refunds to the General Fuel Levy (GFL), said AA.
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Compiled by Betha Madhomu
