Petrol prices increase while the cost of diesel decreases. Here are some fuel saving tips to help you go further on a tank.
31 January 2016 · Jessica Anne Wood
The Department of Energy (DOE) has announced that diesel and illuminating paraffin will be decreasing, while the cost of 95 octane and 93 octane will be increasing, as will the maximum retail price of liquid petroleum gas (LPG). The price adjustments will come into effect from 3 February 2016.
“The main reason for the decrease in diesel and paraffin prices is the oversupply of middle distillates such as diesel and illuminating paraffin in the global market. This is mainly due to the fact that the northern hemisphere experienced a mild winter season compared to previous periods. China contributed to the situation by exporting diesel into the market. On the other hand, the increase in the petrol price is mainly due to tightness in the market because some major refineries in the USA were on an unplanned shutdown. The weakening of rand against the US Dollar contributed massively to the current fuel price adjustment,” said the DOE.
The fuel price adjustments are as follows:
Fuel saving tips
The Automobile Association of South Africa (AA) offered a few tips on how consumers can save fuel. “There are some simple tips every motorist can employ to stretch the fuel in their tank, and avoid having to fill up too often. By driving sensibly and following these tips, you may find you can travel further and save some much-needed cash you can use on other essentials,” revealed the AA.
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