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Fuel price cut for the fourth consecutive month – Why?

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GUEST – Koketso Mano, FNB Senior Economist

The Department of Petroleum and Mineral Resources has published the official fuel price adjustments that will kick in on Wednesday, 4 September 2024.

Following a strong start to recoveries at the beginning of August, a stable global oil price and a stronger rand versus the dollar have to be a sizeable cut for petrol and diesel.

This has translated to a fourth consecutive cut at the pumps, with prices coming down by 92 cents per litre for petrol and between 79 and 105 cents per litre for diesel.

4 Sep 2024 8AM English South Africa Business News · Investing

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