Petrol and Diesel Prices to Decrease on Wednesday

[Iyanuoluwa]

Petrol and Diesel Prices to Decrease on Wednesday

Good news for South African motorists! Petrol and diesel prices are set to decrease marginally on Wednesday, thanks to a stronger rand and a slight drop in the global oil price.

Price Decreases:

- Petrol 93: decrease of 15 cents per litre
- Petrol 95: decrease of 15 cents per litre
- Diesel (0.05%): decrease of 28 cents per litre
- Diesel (0.005%): decrease of 17 cents per litre

New Fuel Prices:

- 95 octane petrol: R23.11 per litre in Gauteng and R22.32 on the coast (the cheapest levels since January)
- Gauteng wholesale diesel price: R20.38 per litre (the lowest since January)
- Coastal diesel price: R19.59 per litre (the lowest since January)

Will the Relief Last?

Unfortunately, this price decrease may be short-lived. The global oil price is expected to rise due to potential supply disruptions in the Middle East, which could lead to a full-scale war. Additionally, demand for oil is expected to increase in the US and Western Europe as the driving season approaches.

Factors Affecting Fuel Prices:

- Global oil price fluctuations
- Rand exchange rate
- Supply and demand dynamics
- Geopolitical tensions

Stay Informed:

Keep an eye on global events and market trends to stay ahead of fuel price changes. We'll keep you updated on any further developments.