Thanks to steadily declining oil prices and a strengthening rand, which was trading at about R16.20 to the US dollar at the time of writing, South African motorists can look forward to paying less at the pumps in July.
According to the latest daily data published by the Central Energy Fund, the price of 93-octane petrol is projected to decrease by about R2.68/l, while 95-octane petrol is expected to drop by about R2.65/l.
Diesel users stand to benefit even more, with the wholesale price of 50ppm diesel currently forecast to decline by R4.67/l and 500ppm diesel by about R4.33/l.
