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5 ways this decrease in the petrol price affects you


IT’S been announced for the second month in succession that the retail price of 95-grade petrol will drop by 69 cents a litre from next Wednesday, 3rd December 2014. The price of wholesale diesel will decrease by 53 cents, illuminating paraffin by 49 cents and LP gas by 21 cents.

1. Petrol will now cost R12.47 a litre in Gauteng while diesel goes down to R11.31 per litre meaning, a person with a 50-litre fuel tank will save close to R200 per month based on a single tank per week.

2. Transport companies have lower fuel costs, which mean goods and services are not likely to see a hefty increase.

3. At a time when load-shedding is very real, lower fuel costs mean that during a blackout it will cost less to power your generator.

4. The price of public transport is not likely to increase.

5. If you’re driving anywhere this festive period, you’re in for a substantial saving. Let’s assume that a trip to the KZN coast will be around 1 400km. An average vehicle does around 8.0-litres/100km, meaning your trip will cost you between R60 and R80 less, which can be used towards tolls.

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