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Friday, February 24, 2017
Petrol and diesel prices to decrease by 8c/l and 2c/l on Wednesday
The Department of Energy says the rand appreciated against the dollar leading to a lower contribution to the basic fuels price...
The price of petrol is to decrease by 8c/l on Wednesday,
March 1, the Department of Energy announced on Friday. This is for both
the 93 and 95 grades of petrol.
Diesel will drop by 2c/l, while the wholesale price of illuminating
paraffin will decrease by 8c/l. A litre of 95-octane petrol will now
cost R13.54 in Gauteng and R13.06 in coastal areas. The department said the international product prices of petrol,
diesel and illuminating paraffin had increased during the review period
from January 27 to February 23.
"The rand appreciated against the dollar during the period under
review, on average, when compared to the previous period," it said. "The
average rand/dollar exchange rate for the period January 27 2017 to
February 23 2017 was 13.2899 compared to 13.5831 during the previous
period. This led to a lower contribution to the basic fuels price on
petrol, diesel and illuminating paraffin by 13.44c/l and 12.80c/l
respectively." @BUSINESSDAYLIVE
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