The price of fuel will drop by up to 17 cents a litre on July 7, the department of minerals and energy affairs announced on Friday.

The price of fuel will drop by up to 17 cents a litre on July 7, the department of minerals and energy affairs announced on Friday.

In a statement detailing the monthly fuel price changes, the department said the price of 93 octane leaded and unleaded petrol would drop by 17 cents a litre, 95 unleaded and 97 octane leaded petrol would fall by 16 cents a litre. The price of diesel with a 0,3 per cent sulphur content would fall by 13 cents a litre while diesel with a 0,05 per cent sulphur content would drop by 16 cents a litre.

The department reported that since the start of the fuel review period, the international price of petrol and diesel had decreased and the average rand/dollar exchange rate had strengthened over the previous period.

The retail prices of fuel had been subsidised to curb the effect of rampant fuel prices on consumers in June. These subsidies would be withdrawn from July 7 when the new prices come into effect.