JOHANNESBURG – The price of petrol is going to drop by 30c per litre on Wednesday, the Department of Energy announced.
The department said the decrease comes after the rand appreciated against the US Dollar from R13.23 to R12.20.
The petrol price will fall by 30 cents per litre while diesel will be 17 cents cheaper per litre.
“South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors. International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including shipping costs,” the department said.
The latest announcement will come as a relief for motorists following numerous petrol price hikes in the past few months.