Petrol price drops by 52c/litre as diesel surges from Wednesday
South African motorists will pay less for petrol from Wednesday after the Department of Mineral and Petroleum Resources announced a 52 cents per litre reduction for both grades of petrol. However, diesel users will face a sharp increase, with prices set to rise by between R1.23 and R1.38 per litre, depending on the sulphur grade.
Department spokesperson Robert Maake said that although the average Brent crude oil price declined during the review period, escalating tensions between Russia and Ukraine led to Russian export restrictions and global supply shortages, driving up the international prices of diesel and illuminating paraffin.
South Africa adjusts fuel prices on the first Wednesday of every month based on international oil prices, the rand-dollar exchange rate, and other fuel pricing factors.
