Several international and local factors have contributed to the decreases in petrol and diesel prices.
South African motorists will pay much less for petrol and diesel from Wednesday.
This is good news for South Africans with the South African Reserve Bank (SARB) likely to also cut the repo rate this month.
Fuel prices
The Department of Mineral Resources and Energy (DMRE) has announced that the price of both 93 and 95-octane petrol will drop by 92 cents per litre from Wednesday, 4 September.
The price of diesel (0.05% sulphur) will be reduced by 79 cents per litre, and diesel with 0.005% sulphur will drop by R1.05 cents per litre.
Meanwhile, illuminating paraffin will cost R1.03 cents less per litre, while the price of LP gas decreases by 10 cents per kilogram.
Reason for petrol decrease
DMRE spokesperson, Robert Maake said several factors contributed to the decreases in petrol and diesel prices.
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