Although the average price of Brent crude oil price increased during the period under review, this was offset by a stronger rand against the US dollar
Motorists are in store for another price hike come Wednesday
Data from the energy fund warns of a significant increase for all grades of fuel
The Department of Mineral Resources and Energy said the drop is due to lower international crude oil prices
The change brings the price of a litre of 95 unleaded petrol in South Africa’s inland areas to R22.83 per litre
The price of diesel is, however, set to increase, further fuelling inflation
The change brings the price of a litre of 95 unleaded petrol in South Africa’s inland areas down to R22.63 per litre from Wednesday
But, as markets grapple with global economic uncertainty, questions over future energy demand could see prices softening
The reopening of the Chinese economy has prompted a large demand for oil, pushing domestic fuel prices higher
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