Good news Friday! The price of a litre of petrol in South Africa has been slashed on the back of the falling oil price.
'THE NEWS IS OUT...' The price of petrol will decrease by 73c/litre from May 1 2013.
It will fall on May 1 by 73c/litre, diesel by 55c/litre, according to the Department of Energy. Sources said this was more than economists had expected and falling world crude oil prices were responsible, along with the rand strengthening against the dollar. Initial expectations had been for 65c/litre.
Before you get too excited, that's a drop of about 5% and you'll save about R36.50 on filling an average family car's tank. A little more than the price of 20 smokes or a couple of beers. Cheers!
PARAFFIN, GAS TOO
It's the first petrol price drop after three consecutive increases
totalling R1.34/litre of 95 unleaded in Gauteng. In January 2013 the price decreased by 15c to R11.86 but then rose to R13.20.
Vehicle owners in Gauteng will now pay R12.47, those at the coast R12.24. A litre of diesel will now cost R11.41.
The national retail price for paraffin will decease by 77c/lire, the maximum retail price of liquid
petroleum gas by 81c/kg.