Record Fuel Price Drop From April 1 Due To A Sharp Fall In Oil Prices

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Photo: Shell SA

The retail price of petrol in South Africa fell by as much as 12% from April 1 on Wednesday while the price of wholesale diesel will fall by around 9.5%, according to the Department of Energy.

The price of petrol will decrease by 188 cents to 13.96 rand per litre in the commercial hub of Gauteng province, while diesel will fall by 133 cents to 12.69 rand per litre.

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Fuel was not in high demand due to Coronavirus travel restrictions, but those who need to fill up with petrol would see a R1,94 cents drop at the petrol stations countrywide.

The major decrease was mainly due to a sharp fall in oil prices.

(Compiled by Inside Politics Staff)

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