The petrol price is to decrease by R1.32 on Wednesday for both grades of fuel. The diesel price will drop by between 88 and 91-cents a litre, While paraffin will cost R1.44 less a litre.
At the same time, the process to deregulate petrol prices has begun. Mineral Resources and Energy Minister, Gwede Mantashe has published a notice for public comment. The move would allow retailers to determine their own prices, up to a specific limit.