Home Travel News & Insights News24|Petrol rate will be treked on Wednesday, however diesel gets a cut

News24|Petrol rate will be treked on Wednesday, however diesel gets a cut

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News24|Petrol rate will be treked on Wednesday, however diesel gets a cut

News24|Petrol rate will be treked on Wednesday, however diesel gets a cut

flight prices EujarimPhotography/Getty Images

EujarimPhotography/Getty Images

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Gas rates will be treked by 37c a litre on Wednesday, while wholesale diesel costs will fall by 30c (0.05% sulphur) and 36c a litre (0.005% sulphur).

In Gauteng, fuel will now retail at R25.49 a litre, while on the coast, it will cost R24.70 – reaching levels last seen in October 2023.

Diesel is falling to the least expensive levels given that February this year. The wholesale rate of diesel will be R22.15 a litre in Gauteng and R21.36 on the coast.

The wholesale rate of illuminating paraffin will be cut by 19c a litre.

South African fuel rates are mostly identified by global oil expenses and the rand currency exchange rate, as oil is priced in dollars. Oil rose this month amidst military stress in between Israel and Iran.

Over the previous month, the typical Brent oil cost increased from $84.22 a barrel to $88.10.

The primary contributing elements to the hotter oil rates were the growing geopolitical stress in the Middle East and continual production cuts by OPEC+ nations, the Department of Mineral Resources and Energy stated in a declaration.

Diesel rates fell due to seasonal modifications and minimized need for the fuel in the Northern Hemispheres as the chillier weather condition subsides.

The rand deteriorated from R18.04/$ to R18.90 over the previous month, amidst fading hopes that United States interest rates would be cut quickly.

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