Central SA
Petrol price expected to drop in August─── 15:21 Wed, 27 Jul 2022
The Energy Department says there will be a sizeable reduction in fuel prices in August.
The Energy Department says there will be a sizeable reduction in fuel prices in August.
A formal announcement will be made by the end of the week.
At the same time, the process to deregulate petrol prices has begun. Energy Minister, Gwede Mantashe, published a notice for public comment.
The move will allow retailers to sell fuel at their own prices, up to a specific limit. The price of petrol has almost doubled since July last year. The latest increase saw motorists paying over R2 more per litre.
