South African motorists will start the new year with lighter fuel bills after authorities confirmed sweeping price cuts set to take effect on Wednesday, 7 January.
The Department of Mineral and Petroleum Resources announced that both grades of petrol and diesel will drop sharply, bringing welcome relief at the pumps. The price of 93-unleaded petrol will fall by 62 cents per litre, while 95-unleaded petrol will come down by an even bigger 66 cents per litre.
Diesel users will see the most dramatic reductions, as per EWN. Diesel with 0.05% sulphur content will decrease by R1.37 per litre, while the cleaner 0.005% sulphur diesel will drop by R1.50 per litre.
According to the Central Energy Fund, the sizeable reductions are mainly due to a stronger rand and softer international oil prices, which together eased pressure on local fuel costs during the review period.
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From Wednesday, inland fuel prices will be set at R20.64 per litre for 93-unleaded petrol and R20.75 per litre for 95-unleaded. Inland diesel prices will drop to R18.52 per litre for 0.005% sulphur diesel and R18.42 per litre for 0.05% sulphur diesel.
At the coast, motorists will pay even less. Coastal prices will see 93-unleaded petrol retailing at R19.85 per litre and 95-unleaded at R19.92 per litre. Diesel prices along the coast will fall to R17.76 per litre for 0.005% sulphur and R17.59 per litre for 0.05% sulphur diesel.
The new prices officially kick in from 7 January.
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Picture: Gallo Images / Misha Jordaan
