This month, South African fuel prices dropped by 92 cents per litre for petrol and between 79 and 107 cents per litre for diesel.
The new fuel price adjustments follow strong recoveries in the global oil price and rand-versus-dollar value at the start of August, Cape {town} Etc reports.
Petrol prices have reduced by up to R3.36 per litre since cuts started in May, mainly due to several economic factors.
As per the Central Energy Fund (CEF)s latest report , the average international product prices for petrol, diesel and illuminating paraffin decreased between 2 August and 29 August.
In addition, the rand strengthened against the US Dollar to R18.0578 compared to R18.2360 during the previous period. The change led to a lower contribution to the basic fuel prices of petrol, diesel and illuminating paraffin by 10.93c/l, 11.15c/l and 11.12c/l, respectively.
