SOUTH AFRICAN PETROL PRICES TO BE LOWERED WEDNESDAY

The price of petrol in South Africa is set to be lowered by 99 cents (about 7.1 US cents) a litre on Wednesday, the government has announced.

A litre of unleaded petrol will cost 12.35 Rand inland and 11.87 Rand on the coast from Wednesday.

Diesel (0.05 per cent sulphur) will decrease by 74 cents a litre, while diesel (zero sulphur) will decrease by 73 cents.

The wholesale price for illuminating paraffin will decrease by 66 cents a litre, while the single maximum national retail price for illuminating paraffin will decrease by 88 cents.

The maximum retail price for liquefied petroleum gas (LPG) will go down by 1.60 Rand per kilogramme.

The downward adjustments to fuel prices are being made mainly because of a stronger rand against the US dollar and an oversupply of refined petroleum products in the global markets.

Source: NAM NEWS NETWORK