Petrol price set to drop on Wednesday

Johannesburg – A bit of good news for South African  motorists in the new year.

Fuel prices are expected to drop on Wednesday, December 05.

Prices for petrol, 95 and 93 unleaded, will decrease by 68 cents and 71 cents per litre. Diesel will drop by 67 cents per litre.

Local fuel prices are determined by international oil prices – as well as the dollar-rand value, as South Africa buys oil in the dollar.

While the price of Brent Crude steadily rose over the past month, there has been a decline in local oil import prices, subsequently counteracting the weakening rand.

The reduction comes as great relief for holidaymakers that plan to return from holiday.

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