Africa-Press – South-Africa. After a tough year of rocketing fuel costs, South Africans will start 2023 with large price cuts expected on Wednesday, January 4.
The Automobile Association (AA) estimates that petrol (both 93 and 95) will decrease by around R1.85/litre, diesel will fall by between R2.47/l and R2.59/l and illuminating paraffin will be cut by around R1.93/l.
These reductions will bring the price of 95 unleaded petrol inland to around R21.57/l, and to R20.92/l at the coast, both prices close to those last seen in March 2022, the AA said. The diesel price will be lowered to around R21.47/l.
The cuts are due to a steep fall in the price of oil and a stronger rand against the dollar.
“These decreases will not take fuel prices to levels seen in January 2022 but will, nonetheless, go a long way to alleviating the fuel price burden – and its associated impact on other prices – felt by millions of South Africans,” the AA said.
“For many travellers who are currently on vacation this is also good news as it will undoubtedly reduce expenses on the return leg of their journeys.”
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