Good news for motorists: Significant fuel price drops coming in January | The Citizen

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Good news for motorists: Significant fuel price drops coming in January | The Citizen
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South Africans can thank the Gods of Januworry, as diesel, petrol, and illumination paraffin prices are set to drop! petrolprice CostOfLivingCrisis TheCitizenNews Here's what to expect ⤵️

South Africa’s cash-strapped motorists will be getting a welcome Januworry gift, with fuel price reductions of between R1,89 and R2,59, depending on their cars’ juice of choice.released a statement on Friday morning welcoming the data from the Central Energy Fund, announcing that the prices of diesel, petrol, and illumination paraffin are all set to decrease significantly next Wednesday.“According to the data, petrol will decrease by around R1.85/litre, diesel will decrease by between R2.

“These reductions will bring the price of 95ULP inland to around R21.57/l and R20.92/l at the coast, both prices close to those last seen in March 2022. The forecast reduction in the wholesale price of diesel will bring this fuel cost down to around R21.47/l. These reductions are certainly good news for all consumers and signal positive start to fuel pricing for the new year.”

The reductions are the result of a combination of a stronger exchange rate, as well as decreases in the international oil prices.

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