petrol price

If you are able to wait until Wednesday, 3 August to fill your tank, there will be a reprieve in the prices of both petrol and diesel. Image via Pixabay

Easy on the accelerator: Petrol prices to drop at midnight TONIGHT!

If you are able to wait until Wednesday, 3 August to fill your tank, there will be a reprieve in the prices of both petrol and diesel.

petrol price

If you are able to wait until Wednesday, 3 August to fill your tank, there will be a reprieve in the prices of both petrol and diesel. Image via Pixabay

If you are able to wait until Wednesday, 3 August to fill your tank, there will be a reprieve in the prices of both petrol and diesel.

ALSO READ: WARNING: Criminals now STEALING petrol from your cars

The decrease in international petroleum prices is driving the decrease at the pumps, but they are being offset by a weaker Rand/US dollar exchange rate.

Motorists will see a R1.32 per litre reduction in the price of petrol while diesel is set to cost between 88 and 91 cents per litre less.

Illuminating Paraffin will see its wholesale price decrease by R1.44 per litre.

FuelPrice change
Petrol 95Decrease of 132 cents per litre
Petrol 93Decrease of 132 cents per litre
Diesel 0.05%Decrease of 88 cents per litre
Diesel 0.005%Decrease of 91 cents per litre
Illuminating Paraffin (wholesale)Decrease of 144 cents per litre

The General Fuel Levy (GFL) will return to its ‘normal’ rate of R3.93 per litre in August.

This is after government indicated that the initial R1.50 it cut from the GFL in April and May – and which was halved to 75 cents for June and July – will end in August.

July and August Inland and Coastal fuel prices

InlandJulyAugust
95 PetrolR26.74R25.42
93 PetrolR26.31R24.99
0.05% diesel (wholesale)R25.40R24.52
0.005% diesel (wholesale)R25.53R24.62
Illuminating ParaffinR19.86R18.42
CoastalJuly August
95 PetrolR26.09R24.77
93 PetrolR25.66R24.34
0.05% diesel (wholesale)R24.75R23.87
0.005% diesel (wholesale)R24.89R23.98
Illuminating ParaffinR19.07R17.63