The retail price of all grades of petrol will decrease by 45 cents a litre (c/l) on Wednesday November 4, the Department of Minerals and Energy announced on Friday.
Diesel prices will also decrease, with 0,05% sulphur falling by 24 cents and 0,005% by 21 cents.
Wholesale paraffin decreases by 39 cents and illuminating paraffin by 52 cents.
Petrol in Gauteng now costs R8,96 a litre from R9,41 before, and it is now R8,72 cents at the coast from R9,17 before.
During the period under review, the average international product prices of petrol, diesel and illuminating paraffin decreased. The average rand/dollar exchange rate weakened when compared with the previous period. The average rand/dollar exchange rate for the period September 26 2008 to October 30 2008 was 9,5901 compared with 8,0182 during the previous period. — I-Net Bridge