Sunday, 2nd November 2008 at 11:09 pm
Petrol price down below R9/litre

Some relief for consumers in South Africa finally; The retail price of all grades of petrol will decrease by 45 cents a litre on Wednesday November 5 the department of minerals and energy announced on Friday. Diesel prices will also decrease, with 0.05% sulphur falling by 24 cents and 0.005% by 21 cents. Wholesale paraffin decreases by 39 cents and illuminating paraffin by 52 cents.

Petrol in Gauteng now costs 896 cents a litre from 941 cents before and it is now 872 cents at the coast from 917 cents before. This news is welcome by many who needed some relief as the prices of everything else seems to be increasing. The decrease in the price of fuel could have been more as the world oil prices have dropped considerably over the last couple of weeks. But at the same time, the rand has been loosing value against the US dollar so the decrease could have been greater if the rand had remained strong. But nonetheless we will be seeing a welcome decrease on Wednesday.

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Comments

doublef on 4 November, 2008 at 1:03 pm #

That is truly great news.

Let’s hope we weather the current economic crisis and emerge as The New World Power!!!


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