All grades of petrol will cost 69c a litre less from next Wednesday, the Department of Energy announced on Friday.<\/p>\n
This comes after last month’s 51c decrease, adding more relief to motorists.<\/p>\n
Diesel 0.05% sulphur and diesel 0.005% sulphur will decrease by 54c and 51c respectively, while liquefied petroleum gas (LPG) will decrease by 115c\/kg, illuminating paraffin (wholesale) by 55c\/l, and illuminating paraffin (SMNRP) by 74c\/l, the department said in a statement on Friday.<\/p>\n
The AA said on Friday that underlying fundamentals pose a threat to motorists. The weak rand is extracting a heavy toll on consumers, said the AA: “(The) rand’s weakness against the US dollar has been expensive for motorists.”<\/p>\n
On Friday at 14:15, the rand was down 0.67% at R13.23\/$, extending its recovery after tumbling to an all-time low of R14.00 at the start of the week, while Brent crude for October gained 23c to $47.79.<\/p>\n
International petroleum prices have recently reached six-year lows, and the AA is concerned over the trajectory the oil price could take when it reaches the bottom of the cycle.<\/p>\n
“If and when the oil price flattens out, or increases, motorists will be fully exposed to any rand weakness,” said the AA.<\/p>\n
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