News and updates from the continent

SA petrol price drops by 67c/litre

SA petrol price drops by 67c/litre

Aug 29, 2014

On Friday 29 August 2014, the South African Department of Energy announced that the price of all grades of petrol will drop by 67 cents a litre on Wednesday 3 September.

The price of LP Gas falls by R1.08 a kilogram, illuminating paraffin by 25 cents per litre and the diesel price drops by 25.38 cents a litre, and that of.

According to the Department, Energy Minister Tina Joemat-Pettersson approved a retail margin increase of 4.2 cents per litre from Wednesday. The Central Energy Fund (CEF) had noted on Monday 25 August the that lower international product prices coupled with the marginal weakening of the rand against the dollar pointed an over recovery of 68.3 cents per litre of petrol.

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