The Department of Energy has released fuel price adjustments which take effect on Wednesday, 5 December 2018. Fuel prices are coming down, see details below…
Motorists in South Africa will be pleased to know that fuel prices are falling sharply in December 2018 ahead of the busy holiday season.
The Department of Energy has announced that the price of petrol will fall by R1.84 per litre while the price of for a litre of diesel will fall by R1.45 (0.05% sulphur) and R1.47 (0.005% sulphur) respectively.
The fuel price reductions are a result of decreasing international petroleum prices and a firmer Rand/Dollar exchange rate during the month of November 2018.
The fuel price reductions are a relief to motorists who have endured numerous fuel price hikes throughout the year. However, the relief may be short-lived as general economic volatility could result in increases in the short to medium term.