NEWS: Massive petrol price drop

Cape Town - Cash-strapped consumers will get a breather at the pumps after the department of energy on Friday announced a drop in petrol and diesel prices.

All grades of petrol and diesel will decrease on Wednesday September 3.

Petrol 95 and 93 (ULP and LRP) is coming down by 67 cents a litre (c/l).

The price of diesel with 0.05% sulphur will drop by 25.38 c/l and diesel with 0.005% sulphur will decrease by 24.38 c/l.

Illuminating paraffin (SMNRP) will fall by 25.0 c/l and liquefied Petroleum Gas (LPG) by 108.0 cents/kilogram.

The department has also decreased the slate levy from 4.38 c/l to zero, in line with the self-adjusting slate mechanism.

It is the third time this year that the petrol prices have decreased. The prices fell in June and just ahead of the general elections in May.

The department said the reasons for the fuel price decreases are mainly due to the drop in the price of crude oil and the stability of the rand against the US dollar.

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