Petrol price to fall by more than R1 a litre
The price of 93 octane petrol will drop R1.27 a litre and 95 octane by R1.23 a litre on Wednesday, the Central Energy Fund announced.
This will take the Gauteng retail price of 93 octane to R11.02 a litre and 95 octane to R11.24.
Government regulates the retail price of petrol, but allows some competition in diesel by setting the wholesale price and allowing service stations to compete on how much they retail the fuel for.
The retail price of 0.05% sulphur diesel falls by R1.04 a litre and 0.005% sulphur by R1.05 a litre.
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Relief at the pumps as fuel prices fall
Motorists to see welcome relief as both petrol and diesel costs decline. South African drivers can expect a bit of financial respite this week, with fuel prices dropping from Wednesday, 5 November.
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