The government had an excess of R1.8bn in fuel costs from the slate levy and removing it will benefit motorists in a 26.32c/l saving for all motorists.
The minister said that South Africa’s fuel prices are adjusted monthly based on local and international factors, including the exchange rate of the Rand against the US Dollar.
The price of petrol will drop by 62c/l for 93 octane and 76c/l for 95 octane, while diesel will drop by 118.32c/l for 500ppm and 126.32c/l for 50ppm.
Illuminating paraffin will also decrease by 93c/l, while liquefied petroleum gas will increase by 11c/kg.
