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Petrol price to decrease in January

The minister of energy, Jeff Radebe,announced on Friday that the price of 95 octane petrol will decrease by R1.23 on Wednesday, 2 January 2019.

It will be the second big drop is as many months.

The ministry of energy affairs said in a statement: "The current fuel price adjustments are due mainly to lower crude oil prices and a weaker rand".
The ministry also said that, based on current local and international factors, the fuel prices for January 2019 will be adjusted as follows:

- Petrol (93 Octane, ULP and LRP): 122.00 c/l decrease;
- Petrol (95 Octane, ULP and LRP): 123.00 c/l decrease;
- Diesel (0.05% sulphur): 153.92 c/l decrease;
- Diesel (0.005% sulphur): 155.92 c/l decrease;
- Illuminating Paraffin (wholesale): 123.00 c/l decrease;
- Maximum LP Gas Retail Price: 132.00 c/kg decrease.


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