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Petrol price drops 25c/l in June
NEWSWATCH: South Africans are sighing with relief as the petrol price drops with 25 cents a litre as of Wednesday, 7 June 2017, thanks to a drop in oil prices in the international market.
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According to a statement by the department of energy, the wholesale price of both grades of diesel will drop by 23c/l.
IOL's Jason Woosey reports that "motorists in Gauteng will now pay R13.32 for a litre of 93-octane Unleaded and R13.54 for 95 Unleaded, down from R13.57 and R13.79. A litre of 95 Unleaded at the coast will fall from R13.30 to R13.05 a litre.
"This should translate to roughly R10 a tank if you drive a small hatchback such as the Volkswagen Polo Vivo, with the cost of a 45 litre refuel in Gauteng decreasing from to R610.65 to R599.40."