News24.com | Solid cut in diesel prices for April, with small changes for petrol

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The diesel price will be cut by over 73c a litre on Wednesday, with a marginal 1c decrease in 93 petrol, and a 2c increase in 95 in Gauteng. 

The department of mineral resources and energy said diesel 0.05% sulphur will see a 73.58c decrease, while 0.005% sulphur will drop by 74.58c a litre. Fuel prices schedule for the different zones will be published later on Tuesday.

Fuel prices, which will be adjusted on Wednesday 5 April, are largely determined by the oil price, as well as the rand - as oil is priced in dollars.

While the Brent oil price has fallen from above $84 a barrel to around $80, the rand has taken a big knock this month. In recent days it has been steadying, getting a major lift following a bigger-than-expected rate hike last week Thursday.

Petrol prices were hiked by R1.27 at the start of March, while diesel increased by between 30c and 32c a litre.

In Gauteng, the price of a litre of 95 unleaded petrol increased to R22.95, while it will increase to R22.30 on the coast. A year ago, 95-octane petrol retailed for R21.60 in Gauteng.

The Gauteng wholesale diesel price reached R21.62, from R18.87 a year ago.

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