South African Fuel Price to drop in July 2012

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Good news for South African motorists is that the price of 93 octane will drop by 89 cents per litre next week Wednesday.

A litre of 95 octane will cost Gauteng motorists R10.82 while the price at coast will be R10.47.  A litre of 93 octane will cost R10.1097 in Gauteng and the coastal price will be R9.8627. The price of diesel with 0.05% sulphur content will drop by 62.58 cents and diesel with 0.005% sulphur will drop by 61.58 cents.

The average international prices for petrol, diesel and illuminating paraffin decreased in the month of June. 

News Source: News24

Fuel Price Dropping in June

Tweet South African motorists can expect some relief from an ever tightening noose when the petrol fuel drops in June 2012. Speaking in Parliament on Thursday, Energy Minister Dipuo Peters, said there will be "substantial decrease" in the fuel price next month. 

"We are currently witnessing a [downward] swing in the crude oil price and I'm pleased to announce that next month motorists will benefit from a substantial decrease in fuel prices in time for the June holiday driving season," said Peters, following applause from the members present. Peters did not put a figure on the decrease, but it's good news nonetheless, or is it? Petrol prices have been rising steadily for years, and although a decrease is always welcome, the tendency is towards higher fuel prices, so expect an increase in the future. Happy Driving, South Africa.