Picture: REUTERS
Picture: REUTERS

SA motorists will pay a little less for fuel on Wednesday, as lower oil prices offset a depreciating rand in October.

In Gauteng, 95 and 93 octane unleaded petrol will drop by 13c a litre, while diesel will decrease by 14c-16c.

Illuminating paraffin will cost 23c less.

Lower oil prices offset a 0.58% depreciation in the rand to R14.9293/$ during the period under review, the Central Energy Fund said late on Monday.

A litre of 95 octane petrol will cost R16.08 a litre in Gauteng from Wednesday, which still represents an almost 30% rise from January.

So far in 2019, the price of Brent crude has risen 14.81%, while the rand has depreciated 2.87% against the dollar.

From April, motorists had to fork out an additional 15c for the general fuel levy and 5c for the Road Accident Fund. In June, a carbon tax of 9c a litre for petrol and 10c for diesel came into effect.


Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.