Petrol and diesel will become cheaper from Wednesday, January 07. South Africans can look forward to lower fuel prices this week, as a stronger rand and lower international oil prices have led to a significant over-recovery for both petrol and diesel. The Department of Mineral and Petroleum Resources has confirmed petrol price decreases of between 62 cents per litre for 93 Unleaded and 66 cents for 95 Unleaded.
Diesel will see price cuts of R1.37 for 500ppm and R1.50 for 50ppm. These cuts will bring the coastal prices of 95 Unleaded and 50ppm diesel to their lowest levels since February 2022. A litre of 95 Unleaded is expected to cost R19.92 at the coast from Wednesday, bringing it below the R20 barrier for the first time in almost four years.
Those in the inland regions will pay around R20.75 for 95 ULP and R20.64 for 93 ULP. The wholesale price of 50ppm diesel will drop to around R17.76 at the coast and R18.52 in the inland regions. These adjustments followDecember’s petrol price hikeof 29 cents and diesel increases of up to 82 cents.
