The Department of Mineral Resources and Energy (DMRE), which is being split into the Department of Mineral and Petroleum Resources and the Department of Electricity and Energy, has confirmed that petrol prices will decrease by 92c/ℓ.
The price of diesel (0.05% sulphur) will decrease by 79c/ℓ and diesel (0.005% sulphur) will decrease by 105c/ℓ.
The decrease in prices was driven by a decrease in crude oil prices and the appreciation of the rand against the dollar.
Also, the DMRE has approved a 5.3c/ℓ increase in the price structures of petrol to accommodate the wage increase for forecourt employees.
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