Motorists could be in for another fuel price decrease next month, with a 35-cents a litre cut for petrol and about 40c for diesel on the cards.
Motorists could be in for another fuel price decrease next month, with a 35-cents a litre cut for petrol and about 40c for diesel on the cards.
Department of minerals and energy deputy director of petroleum Hein Baak told there was a huge over-recovery on fuel. “As things stand now, the petrol price could drop by an estimated 35 cents a litre in June,” he said.
He said paraffin could drop by 39 cents a litre. “These figures could change if, for example, we see crude oil price increases in the next week or two,” said Baak.
The over-recovery on petrol is almost 51c, diesel 63c and paraffin 54c.
The price of petrol declined by 38 cents a litre earlier this month. Diesel fuel with a 0,3 per cent sulphur content fell by 53c per litre in the wholesale price, and that with a 0,05 per cent sulphur content by 47c per litre.
Meanwhile, according to , the Petroleum Products Amendment Bill tabled in parliament the ban on self-service at petrol stations will remain in order to protect jobs and to keep oil companies out of fuel retailing.
