petrol

SA motorists are a little over a week away from some much-needed relief at the petrol pumps with data suggesting a significant decrease. Photo: Gallo Images/Misha Jordaan

Petrol price drop: How much it will cost to fill up your VW Golf in Gqeberha

Motorists can breathe a sigh of relief with fuel prices set to drop just after midnight on Tuesday, 4 January. But how much will YOU save?

petrol

SA motorists are a little over a week away from some much-needed relief at the petrol pumps with data suggesting a significant decrease. Photo: Gallo Images/Misha Jordaan

Motorists will breathe a sigh of relief with the fuel price set to drop shortly after midnight on Tuesday, 4 January.

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The Central Energy Fund (CEF) has confirmed that the retail price of petrol (93) will be cut by 71 cents a litre, while 95 will decrease by 68 cents per litre.

In addition, the wholesale price of diesel (0.05% sulphur) will be lowered by 67.8 cents and 0.005% by 69.8 cents.

Finally, the wholesale price of illuminating paraffin will decrease by 71 cents.

In plain English that means it will be cheaper all-round the next time you visit your nearest petrol station – and perhaps time to pack away the bicycle and walking shoes.

Inland and coastal fuel prices differ

The current Coastal price of petrol unleaded 95 is R19.57 per litre.

Following the price cut, expect to pay R18.89 per litre going forward.

If you live in Gqeberha and own a VW Golf 7 with a fuel tank capacity of 50 litres, this morning it will cost you R978.50 to fill up with unleaded 95.

However, if you are able to wait until Wednesday, it will cost R944.50.

That’s a saving of R34.

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If you were to fill the same car up with diesel 0.005% (R17.30) today, it would set you back R865.

However, at Wednesday’s reduced price of R16.60 you can expect to pay R830 for a saving of R35.

Worth it? Every cent counts as they say …