The retail price of all grades of petrol, diesel and sulphur will drop next week, the energy department said on Friday.<\/p>\n
The price of 95 unleaded (ULP) and lead replacement (LRP) petrol would decrease by 20 cents a litre and of 93 ULP and LRP by 19 cents a litre on Wednesday.<\/p>\n
Both grades of diesel would decrease by two cents a litre.<\/p>\n
The wholesale price of illuminating paraffin would decrease by four cents a litre.<\/p>\n
The single maximum national retail price of illuminating paraffin would decrease by five cents a litre<\/p>\n
The maximum retail price of LP Gas would decrease by 40 cents a kilogram.<\/p>\n
“The big news affecting the oil price and hence international product prices over the past month was the threatened military strike on Syria, which pushed [the] Brent oil price to a six-month high on August 29, 2013, the department said in a statement.<\/p>\n
“This risk has dissipated over the course of September and the oil price has fallen,” it said.<\/p>\n
The energy minister had approved that the retail margin on all grades of petrol increase by 4.9 cents a litre with effect from Wednesday, to accommodate the salary increase for forecourt attendants.<\/p>\n
The department said the amount would be “ring-fenced to pay the wages” of the forecourt attendants.<\/p>\n
On Friday, the National Union of Metalworkers of SA (Numsa) said an agreement had been reached to end a three-week strike by petrol attendants.<\/p>\n
A pay rise of R2 an hour for petrol attendants had been secured, Numsa general secretary Irvin Jim told reporters in Kempton Park.<\/p>\n
He said this meant workers would get an 11.6 percent increase.<\/p>\n
Get ready for big fuel price hike: report<\/a><\/strong><\/p>\n Do South Africans overpay for petrol?<\/a><\/strong><\/p>\n Rand bites as petrol set for steep rise<\/a><\/strong><\/p>\n