Petrol price to drop next week

JOHANNESBURG, SOUTH AFRICA - Jul 30 2010 14:14

The price of all grades of petrol will drop by 10 cents per litre on Wednesday next week, the Energy Department said on Friday.

The wholesale price of diesel with a 0,05% sulphur content would drop by 13 cents per litre, as would diesel with a 0,005% sulphur content, the department said.

The wholesale price of illuminating paraffin would decline by 15 cents a litre, while the single maximum national retail price for illuminating paraffin would drop by 20 cents a litre.

A litre of petrol 95 ULP in Gauteng would now cost R8,17.

The department added that during the period under review -- July 2 to July 29 2010 -- the average international product prices of petrol, diesel and illuminating paraffin had decreased.

Meanwhile, the average rand/US dollar exchange rate for the period had strengthened.

It was 7,5757 compared with 7,6708 during the previous period, the department said. -- Sapa

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