Another fuel price drop this week

The Department of Energy has announced new lower fuel prices for August.
According to a statement, all petroleum products prices will decrease with effect from August 5. The decrease in the prices of all the petroleum products is due mainly to the drop in the crude oil prices during the period under review. The price of Brent crude dropped to below $55 a barrel for the first time in three months amid a global supply glut (oversupply).

Furthermore, the international prices for all petroleum products decreased on average during the period under review, following the crude prices.

Based  on  current  local  and  international  factors,  the  fuel  prices  for August 2015 in the South African market will be adjusted as follows:
1. Diesel (0.05% Sulphur) will decrease by 75.82 cents/ litre.
2. Diesel (0.005% Sulphur) will decrease by 73.82 cents/ litre
3. Illuminating paraffin (SMNRP) will decrease by 93.0 cents/litre.
4. Illuminating paraffin (wholesale) will decrease by 70.0 cents/litre.
5. Petrol (Both 93 and 95) will decrease by 51.0 cents/litre.
6. Liquefied Petroleum Gas (LPG) will decrease by 89.0 cents/kilogram.