South Africa’s Department of Mineral Resources and Energy says there will be a decrease in prices from Wednesday next week.
Both grades of petrol will come down by R2.06c a litre.
Diesel will decrease by around R2.68c a litre.
Illuminating paraffin prices will go down by R1.93c a litre.
The decreases have been fuelled by a stronger Rand-Dollar exchange rate and a steep fall in the price of oil.
The Automobile Association (AA), a non-profit organisation providing services to its members such as roadside assistance, and technical and motor-related legal advice is cited by News24 as saying:
These decreases will not take fuel prices to levels seen in January 2022 but will, nonetheless, go a long way to alleviating the fuel price burden – and its associated impact on other prices – felt by millions of South Africans.
For many travellers who are currently on vacation this is also good news as it will undoubtedly reduce expenses on the return leg of their journeys.
This comes as the Zimbabwe Energy Regulatory Authority (ZERA) raised fuel prices by two cents for petrol and three cents for diesel with effect from the 29th of December 2022.
The average price of gasoline around the world is 1.28 U.S. Dollars per litre while the average price of diesel around the world is 1.32 U.S. Dollars per litre.