South Africans can expect some relief at the pumps from Wednesday, 5 November, when fuel prices across the board will see a decrease take effect.
Lebo Ramolahloane, the National Vice Chairperson of the South African Petroleum Retailers Association (SAPRA), notes that the timing of these decreases is especially positive and welcome.
“As we approach the festive season and motorists begin planning their December trips, the fuel price cuts will bring welcome relief,” he says. “Lower fuel costs are also encouraging news for commuters relying on public transport and for businesses across transport, agriculture, and logistics that are managing tight margins.”
Fuel price adjustments – effective Wednesday, 5 November:
Petrol – Retail price
* 93 ULP & LRP: 51.00 c/litre decrease
* 95 ULP & LRP: 51.00 c/litre decrease
Diesel – Wholesale price
* 0.05% Sulphur: 21.00 c/litre decrease
* 0.005% Sulphur: 19.00 c/litre decrease
LPG
* Maximum Retail Price: 61.00 c/kg decrease
Ramolahloane noted that despite these decreases, volatility in global oil markets and currency movements need to be closely monitored. “This month fortunately saw Brent Crude oil fall to its lowest level in almost six months, with prices dropping to around the $61 mark during the period under review,” he explained.
SAPRA continues to monitor the situation, as sustained stable fuel prices remain key to consumer confidence.
Compiled by Warren Hawkins
warren@mahareng.co.za
