Relief at the pump for petrol, diesel users in July
The Department of Mineral Resources and Energy announced a drop in the price of petrol and diesel on Tuesday.
Both grades of petrol will decrease by around R1 per litre from Thursday.
Diesel will decrease by 30 cents for (0.05% sulphur) and 24 cents for (0.005% sulphur) per litre.
The price of illuminating paraffin will decrease by 18 cents per litre at the wholesale level.
LP Gas will decrease by22c per kilogram.
This is the second decrease in petrol price consecutively in three months.
The department said the price decreases are due to international oil prices and the rand/US dollar exchange rate.
"The average Brent Crude oil price decreased from 82.98 US Dollars (USD) to 82.24 USD per barrel during the period under review,” the department said on Tuesday.
"The main contributing factors are the increased production by the US and other non-OPEC countries amid slow economic growth globally.
"The average international product prices of petrol decreased following the lower Brent crude oil prices during the period under review.
"The rand appreciated slightly, on average, against the US dollar during the period under review when compared to the previous one.
"This led to lower contributions to the basic fuel prices of all products by about 1.50 cents per litre on all products.”
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