Motorists can breathe a sigh of
relief ahead of the December holidays thanks to a significant drop in the fuel
price.
Fuel pump / iStock
The Department of Energy announced on Sunday
that the price of both grades of petrol will decrease by R1.88 on Wednesday.
Diesel will decrease by between
R1.45 and R1.47, while paraffin will be R1.78 cheaper.
Spokesperson Robert Maake attributed the hike to
the strengthening of the rand against the US dollar, amongst others.
"The main reason for the drop in the fuel
price is the lower crude oil prices during the time under review.
"It must also be noted that
the department adjusted industry margins. Retail margins on petrol increased by
around 7.7 cents per litre and the wholesale price of diesel and illuminating
paraffin also increased by 4.59 cents per litre."
These are annual adjustments that
are done in December of every year.
