South African motorists can look forward to some good news as fuel prices are set to decrease. This comes as citizens have been grappling with rising economic challenges. Motorists in South Africa last had relief from ever growing petrol prices in July this year.
Today, the Department of Mineral Resources and Energy (DMRE) announced the official petrol, diesel and paraffin price changes for November. Petrol prices will be cut by R1.78 per litre, and diesel is set to decrease by between 82 and 85 cents a litre.
The decrease in the global price of crude oil is the primary reason for the fuel price drop. Factors that have contributed to this decline in oil prices include increased oil supply, weakening demand, global geopolitical stability, impact on South African consumers.
The drop in fuel prices from the 1st of November offers a much-needed respite for South African motorists and the broader economy.
As South Africans continue to navigate economic challenges, any relief, no matter how temporary, is welcome.
