According to the most recent data from the Central Energy Fund, motorists can expect to pay R2.00 less per litre of petrol while the price of diesel could see an even steeper drop of as much as R2.73 per litre.
While risks remain, especially around international oil prices, it is highly unlikely that the over-recovery will fluctuate over the next 5 days. The price of fuel is usually adjusted on the first Wednesday of each month, based on the price of oil and the rand-dollar exchange rate. The strengthening of the rand and the drop in oil prices are the main contributing factors to the decreased cost of fuel.
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