JOHANNESBURG – After a painful year at the fuel pumps, South Africans may finally get a break this week.According to data from the Central Energy Fund, leaked to Netwerk24, petrol and die- sel prices currently look set for cuts of between 73c and 76c per litre, depending on the grade of fuel. Local fuel pric-es are determined by interna- tional oil prices – as well as the dollar-rand value, as South Af- rica buys oil in dollar.While the Brent oil price rose over the past month, Netwerk24 reports that there has been a decline in the prices for various oil imports that reached South Africa in recent weeks. This has counteracted a soft rand.The rand has weakened from R15.39$ to R15.74 over the past month.The price of 95 petrol in Gauteng rose by 37 percent – from R14.86/l to R20.29 – since January. This was mainly due to rocketing oil prices.In 2021, the price of […]
Fuel price cut may be on the cards next week- South Africa
