Overburdened consumers will be in for some relief from tomorrow after the Department of Mineral and Petroleum Resources (DMPR) announced a decrease in fuel prices, excluding LP Gas.
The adjustment for prices from July are as follows:
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Single Maximum National Retail Price for Illuminating Paraffin: R6.97 decrease.
Maximum Retail Price of LPGas: 16c/kg increase and nineteen cents per kilogram (19.00 c/kg) increase in the Western Cape.
This means that a litre of 95 petrol which currently costs R28.06 in Gauteng will now cost R26.10 as of Wednesday. In the coast the price will come down from R27.19 to R25.23 a litre.
"The average Brent Crude oil price decreased from 104.59 US Dollars [USD] to 86.53 USD during the period under review. This is due to the signing of the Memorandum of Understanding between the US and Iran which has improved global supply outlook.