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Energy department confirms huge fuel price drop for January

28 December 2018 9:55 AM
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Energy department confirms huge fuel price drop for January

The retail price of petrol (93 ULP & LRP) will go down by R1.22 per litre in January, the Department of Energy announced on Friday.

Petrol (95 ULP & LRP) will decrease by R1.23 per litre, while diesel (0.05% sulphur) will go down by R1.53 per litre and diesel (0.005% sulphur) will decrease by R1.55 per litre.

Over the same period the rand - on average - depreciated against the dollar when compared to the previous period.

According to the department, this led to a higher contribution to the basic fuel prices on petrol, diesel and illuminating paraffin by 3.42 cents per litre, 3.98 cents per litre, and 4.06 cents per litre respectively.

Source: fin24.com

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