Major petrol, diesel price drop hits South Africa: ‘Trade war makes it better at the pumps’
Petrol price and diesel prices are going down significantly.
Picture: Pexels
CapeTalk’s Clarence Ford speaks with Lebo Ramolahloane of the South African Petroleum Retailers Association (SAPRA).
Listen below:
Motorists just got some much-needed relief at the pumps.
The price of both 95 and 93 unleaded has fallen by 22 cents per litre.
Diesel (0.05% sulphur) dropped by 42 cents a litre, and diesel (0.005% sulphur) has come down by 41 cents per litre.
Paraffin decreased by 31 cents.
The drop is due to falling international oil prices and a resilient rand.
Ramolahloane says the trade war between the US and China has worked in South Africa's favour by driving down prices.
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China is a major importer of crude oil, but is now buying less, leading to an extra supply in the market.
“This trade war has definitely made things a bit better for us at the pumps.”
- Lebo Ramolahloane, South African Petroleum Retailers Association
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