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Friday, 28th November 2008 at 3:02 pm

Petrol price down R1.61

If you wanted an early Christmas present then you certainly have gotten one! The retail price of all grades of petrol will decrease by a staggering 161 cents a litre on Wednesday December 3, the department of minerals and energy announced today (Friday). This decrease comes off the back of a 45 cents drop in November. Certainly good news on the inflation front.

Diesel prices will also decrease, with 0.05% sulphur falling by 81 cents and 0.005% by 80 cents. Wholesale paraffin decreases by 75 cents and illuminating paraffin by 100 cents.

Petrol in Gauteng now costs R7.35 a litre from R8.96 before, and it is now R7.11 at the coast from R8.72 before.

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