45 liter tank. At current prices running it to empty will cost anywhere from R600 - R620 to fill up and I would top up every 3 weeks by my calculations, which means I'll have to fill up three times every 2 months, which equates to R1800 - R1900.
When I top up it is on average 25 liters every second week (R350 a pop), which means in the same two month period I am spending R1300 - R1400 on petrol.
The fuel acts as the pump's coolant. Running it until your red light comes on may be depriving your tank of an efficient amount of coolant. Also, your fuel tank will build up sediment over time and running low increases the amount of nonsense that is sucked through the fuel line, affecting the lifespan and efficiency of your pump, filter and injectors.