This is how much you will pay for petrol from this Wednesday
South African motorist can look forward to a significant decrease of R2.06 in petrol and diesel prices this Wednesday 4 January 2023. Image: Supplied
Motorists can expect some relief this month with significant savings at the petrol pumps from Wednesday, 4 January 2023, when petrol will decrease by R2.06 per litre.
MOTORISTS TO ENJOY A R2.06 DECREASE IN PETROL PRICES
According to the Department of Mineral Resources and Energy (DMRE) the price of both grades of petrol will decrease by R2.06 per litre from Wednesday, 4 January 4, while diesel is to drop by between R2.68 (500ppm) and R2.80 (50ppm).
ALSO READ: SAPU calls on state to declare police killings as treason
As reported by IOL, this means that a litre of 95 unleaded petrol will now cost R20.75 at the coast and R21.40 inland; whereas 93 unleaded now costs R21.10. The wholesale price of 50ppm diesel is set to drop to R20.79, although retail prices which vary between outlets will be higher.
PETROL DECREASE IS A RESULT OF LOWER INTERNATIONAL OIL PRICES
The Central Energy Fund says the January price reductions are the result of significantly lower international oil prices and, to a lesser degree, a stronger rand.
“These decreases will not take fuel prices to levels seen in January 2022 but will go a long way to alleviating the fuel price burden – and its associated impact on other prices – felt by millions of South Africans,” said the Automobile Association (AA).
ALSO READ: Three arrested for shooting police officer and dumping body in a river
MOTORISTS WITH SMALL CARS WILL SAVE R72 PER LITRE ON PETROL
“For many currently on vacation this is also good news as it will undoubtedly reduce expenses on the return leg of their journeys.”
Automobile association
For the record, a litre of 95 unleaded cost R18.89 at the coast in January 2022 which is still R1.86 less than it will be in the first month of this year.
ALSO READ: Boksburg tanker explosion UPDATE: Death toll jumps to 34 (thesouthafrican.com)
Motorists will small cares like a Volkswagen Polo who are putting 35 litres of petrol into a 40-litre tank, can look at a saving of R72 per litre on petrol. Refuelling a mid-size car like a Toyota Rav4 with 50 litres will save you R103.
But it’s those putting diesel into large SUVs and bakkies with 80 litre tanks that stand to save the most, with 75 litres of 50ppm set to become R210 cheaper from Wednesday.
