Drivers across South Africa can look forward to a small reprieve at the pump from Wednesday 7 August: the department of mineral resources and energy has announced a 15c decrease in the price of a litre of petrol across the country.
Petrol in inland areas will drop to R22.71 a litre for the 93 octane grade, and to R23.11 a litre for 95 octane. The price of diesel will drop by 28c (0.05% sulphur) and 17c (0.005% sulphur) a litre.
This is the third consecutive month that the petrol price has dropped, down from about R25.50 (95 octane) a litre in May, largely on the back of lower Brent crude prices. The government has removed the slate levy for August, a mechanism it uses to manage daily fluctuations in fuel costs.