Price of petrol in South Africa to drop by 12c while diesel and paraffin spike

✔ Fact Checked by TDPel News Desk

By Lola Smith

Published: May 3, 2022 | 2:16 PM

There is some slight relief at the pumps for motorists as the price of petrol will decrease by 12c a litre from midnight.

However, diesel will see an increase of 98c and 92c a litre, while Illuminating paraffin which is used by poorer households will also see an increase 79.6c a litre.

The department of Mineral Resources and Energy says the decrease in petrol was due to the rand appreciating during the period under review.

COVID-19 restrictions in China, which is a huge importer of crude oil, have also led to reduced demand for crude oil.

Furthermore, the United States announced the release of crude oil strategic stocks to curb crude oil price increases.

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About Lola Smith

Lola Smith is a highly experienced writer and journalist with over 25 years of experience in the field. Her special interest lies in journalistic writeups, where she can utilize her skills and knowledge to bring important stories to the public eye. Lola’s dedication to her craft is unparalleled, and she writes with passion and precision, ensuring that her articles are informative, engaging, and thought-provoking. She lives in New York, USA.