Slight relief in fuel prices

All grades of petrol will be 9c/l cheaper as from Wednesday 5 December and the price of diesel will decrease by between 5c/l and 6c/l.

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Despite the higher international oil price the local fuel price was not affected, due to a high over-recovery at the start of the current review period. The Department of Energy said the fuel price decrease would have been more, had the department not implemented margin increases.

The Minister of Energy approved increases of 3,9c/l in the retail margin of petrol to 99,2c/l‚ as well as an increase of 5,5c/l to 58c/l in the wholesale margin applicable to petrol and diesel. The retail price for illuminating paraffin will decrease by 5c/l, and the maximum retail price for liquid petroleum gas will decrease by 35c/kg.