South Africans are cautiously rejoicing at the substantial fuel price drop on Wednesday. It has come just in time for travel over the festive season.
Petrol dropped by R1.84 a litre, both at the coast and inland, while diesel now costs R1.48 less.
The Automobile Association’s latest fuel price trend analysis tracks fluctuations in the price of petrol and diesel. Since January this showed that the only time South Africans were given a breather was in March, when the cost of fuel was at its lowest for the year. According to the trend analysis, the cost of fuel — petrol and diesel — was at its highest last month.
In November, motorists at the coast were paying R16.49 a litre for unleaded 93, while those inland had to fork out R16.85. Now they are paying R14.65 and R15.01 respectively.
Diesel 500ppm cost R15.71 at the coast and R16.20 inland last month. It now costs R14.23 and R14.72 respectively.