South Africa Welcomes Sweet Relief as Petrol and Diesel Prices Drop for September 2024
In a bit of good news for South African motorists, the Department of Mineral Resources and Energy (DMRE) has officially confirmed that petrol prices will decrease starting Wednesday, September 4, 2024. This October reprieve is music to the ears of drivers across the country, especially considering the recent fuel price hikes that have weighed heavily on wallets.
For those filling up their tanks, both grades of petrol will see a reduction of 92 cents per litre. Diesel prices will also see a significant dip, with reductions ranging from 79 cents for 500ppm to R1.05 for 50ppm. This change marks a welcome revival, with the cost of petrol now at its lowest since February this year.
To break it down: a litre of 95 Unleaded petrol will now set motorists back R21.40 at coastal areas while it will be priced at R22.19 in Gauteng. Meanwhile, the more economical 93 Unleaded will retail at R21.79 in Gauteng. For diesel enthusiasts, prices are returning to levels last seen in July 2023, with 50ppm priced at R18.93 along the coast and R19.69 in the inland regions.
This price cut translates into tangible savings for everyday drivers. For example, filling up a small car with approximately 30 litres of petrol will save around R27.60. Larger vehicles won’t miss out either—refueling a 50-litre tank will cost R46 less. Those utilizing diesel-powered bakkies or SUVs could enjoy the most savings, particularly with a 70-litre refuel yielding a whopping R73.50 off the bill.
The DMRE credits this significant decline primarily to lower international fuel prices, coupled with a slight strengthening of the South African rand, contributing an additional 11 cents. However, it’s worth noting that the department has incorporated a 5.3 cent per litre retail margin increase scheduled to commence September 4. This adjustment is vital for accommodating wage increases for pump attendants and other essential staff.
Overall, this news comes as a welcome relief for South Africans, promising a lighter financial load on families during these challenging economic times. As the nation gears up for the summer driving season, many will be able to travel more freely and enjoy life’s adventures without the burden of overwhelming fuel costs.
Stay tuned for more updates, and let’s celebrate these positive changes together!
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