Petrol price drop for January

The petrol price will decrease by 14 cents per litre on 1 January 2020, the Department of Energy has announced.

95 octane petrol will see the full 14 cent decrease, while 93 octane and lead replacement petrol will both drop by four cents per litre.

However, diesel and illuminating paraffin will increase in price – by nine cents and five cents per litre respectively.

The Department of Energy said that the average Brent Crude oil price has increased from $63 to $66.71 per barrel, while the rand has strengthened against the dollar.

The AA also lauded the rand’s strength as a reason for petrol price decreases.

“The rand has held steady during the first half of December, even appreciating slightly against the US dollar,” said the AA.

“This has contributed approximately nine cents in price relief. Meanwhile, the landed price of fuels has been mixed, with petrol down slightly, while diesel is up.”

The table below shows the new fuel prices.

Fuel (Inland) January Price
95 Petrol R16.16
93 Petrol R15.84
0.05% Diesel (Wholesale) R14.62
0.005% Diesel (Wholesale) R14.58
Illuminating Paraffin R9.28

Now read: Why your fuel consumption is worse than the official rating

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Petrol price drop for January