Petrol price drop incoming

The retail price of all grades of petrol will drop by five cents a litre next week, the energy department said on Friday.

The price of diesel with 0.05 percent sulphur content would increase by 13.82 cents per litre wholesale, while diesel with 0.005 percent sulphur would increase by 14.82 cents per litre wholesale.

The wholesale price of illuminating paraffin would increase by 25 cents a litre.

The single maximum national retail price would increase by 33 cents a litre for illuminating paraffin.

The maximum retail price for LP Gas would increase by nine cents per kilogram.

“The average rand-US dollar exchange rate weakened when compared to the previous period,” the department said in a statement.

“The weakening of the rand against the US dollar increased the contribution to the basic fuels price on petrol, diesel and illuminating paraffin.

The increase would come into effect on September 4.

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Petrol price drop incoming