FUEL PRICE REDUCTION ON THE CARDS

Motorists are in for some good news as fuel prices are set to decrease on Wednesday.

Fuel prices in South Africa are based on international oil prices along with the dollar-rand exchange. That’s because South Africa buys its oil in dollars.

eNCA reports that petrol prices for both 95 and 93 unleaded will decrease by 68 cents and 71 cents per litre. Diesel will decrease by 67 cents per litre.

With schools only opening next week and many people still on holiday, those having to drive back will surely welcome the much-needed relief.

In 2021 the local fuel prices increased significantly and petrol reached an all-time high.

Late last year the topic of basing the price of fuel in South Africa on other factors other than the international oil price was brought up with many supporting the idea.

Image credit: Sowetan Live