afrol News, 31 July - The department of minerals and energy in South Africa has announced a cut in petrol and paraffin prices starting Wednesday next week across the country.

This will be the biggest cut in South African after an upward trend that had almost reached R8.00 per litre for petrol.

Motorists and households will be able to breathe a slight sigh of relief and thanks to the international price decline, the department said.

The retail price of petrol will come down by 21 cents as of next Wednesday, announced the department on Friday, further explaining that the retail price of 93 ULP and LRP and Petrol 95 ULP and LRP will all drop by 21 cents a litre.

The price of wholesale Diesel 0.05 percent Sulphur will also go down by 20 cents a litre while that of Diesel 0.005 percent Sulphur will fall by 21 cents, the department said in a statement.

The wholesale price of illuminating paraffin will drop by 14 cents, while the Single Maximum national retail price for illuminating paraffin will drop by 19 cents, the statement added.

The department said the new pricing was a result that for the period under review of 26 June to 30 July the average international product prices of diesel, illuminating paraffin and petrol decreased.

By staff writer

© afrol News

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